Gold pares gains after Libya declares ceasefire

LONDON Fri Mar 18, 2011 7:08pm IST

A salesman displays a gold necklace at a jewellery shop in Agartala, Tripura, July 9, 2009. REUTERS/Jayanta Dey/Files

A salesman displays a gold necklace at a jewellery shop in Agartala, Tripura, July 9, 2009.

Credit: Reuters/Jayanta Dey/Files

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LONDON (Reuters) - Gold pared gains to $1,414.45 an ounce after Libya on Friday declared a ceasefire to comply with a United Nations resolution passed overnight.

Gold was at $1,417.60 an ounce at 1251 GMT after a session high of $1,423.70 following $1,402.4 late in New York on Thursday.

(Reporting by Sue Thomas; editing by Keiron Henderson)

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