Gold soars as Spanish bill sale lifts euro

Trade Arabia Tuesday 17th April, 2012

Gold prices rose on Tuesday, clawing back some of the ground they lost over the last two sessions, as the euro rose to a session high against the dollar and stock markets extended gains after a well received Spanish debt auction. Spot gold was up 0.2 percent at $1,654.40 an ounce at 1108 GMT, while U.S. gold futures for June delivery were up $5.90 an ounce at $1,655.60. Prices fell more than 1 percent over the last two days as the euro was hit ...

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