Wednesday, 29 May 2013

Market Watch: Gold futures settle higher after 2-session decline

SAN FRANCISCO (MarketWatch) — Gold futures settled higher on Wednesday as strength in the euro helped prices recoup most of what they lost in the past two trading sessions.

Prices were still headed toward a second straight losing month.

“Gold remains generally consolidative, underpinned by a weaker dollar and a retreat in stocks today and continued evidence of strong physical interest in Asia,” said Peter Grant, chief market analyst at USAGold.

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