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Gold rebounds

Gold rebounds

LONDON: Gold reboun­ded on Tuesday as weaker-than-expected US durable goods data knocked the dollar to a session low against the euro, but prices remained hemmed into a narrow range ahead of a Federal Reserve policy meeting.

Spot gold was up 0.4 per cent at $1,242.16 an ounce at 1340 GMT, off an earlier low of $1,231.10, while US gold futures for June delivery were up $3.90 at $1,244.10.

Among other precious metals, silver was up 0.3pc at $17.04 an ounce, platinum increased by 0.2pc at $1,013, and palladium was down 0.2pc at $599.70.

Courtesy : Dawn News



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