Gold prices recovered to over $1,500 an ounce on Tuesday, following the previous...
- Gold prices recovered to over $1,500 an ounce on Tuesday, following the previous session’s steep fall, as focus turned to U.S. Federal Reserve policy statements and growth concerns. Spot gold was up 0.4% to $1,501.50 per ounce by 0927 GMT, after falling to a near one-week low of $1,492.10 on Monday. U.S. gold futures gained 0.1% to $1,513.40.
The shift in sentiment for riskier assets saw gold shedding more than 1.2% on Monday, its biggest daily percentage decline in a month. However, prices have risen nearly 17% this year and more than $80 so far this month.
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