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Gold snaps two-day decline

Gold snaps two-day decline

LONDON: Gold reboun­ded more than 1 per cent on Tuesday, snapping two days of losses as risk appetite evaporated, pushing Euro­pean stocks down 1.7pc and knocking the dollar to a 17-month low against the yen.

Spot gold was up 1.4pc at $1,231.61 an ounce by 1335 GMT, while US gold futures for June delivery were up $14.60 at $1,233.90.

Among other precious metals, silver was up 1.8pc at $15.13 an ounce, platinum was up 1.7pc at $955.30 and palladium was up 0.5pc at $550.96.

Courtesy : Dawn News



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