Articles


  • PRECIOUS-Gold steady after rallying on economic hopes



    Gold traded steady on
    Wednesday just below a key resistance level, after rallying more
    than 1 percent in the previous session when renewed optimism on
    the global economy fueled gains in equities as well as bullion.
     
      FUNDAMENTALS
      * Spot gold inched up 0.1 percent to $1,634.61 an
    ounce by 0030 GMT.
      * U.S. gold gained 0.3 percent to $1,635.70.
      * Gold breached above the key 200-day moving average in the
    previous session, and traded just below the level on Wednesday.
    Return to above the 200-day moving average may help gold resume
    its bull run, analysts have said.


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