Feb 24, 2016
Gold trims daily gains as sentiment improves
Gold prices rose to a 2-week high of $1,253.25 a troy ounce as oil-led risk-off in the European equity markets saw investors run for cover under the yellow metal’s protective shadow. However, oil prices turned positive in the late US session following the EIA inventory data, which saw the metal trim gains and end the day around $1,235/oz, up 1% on the day.
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