Gold advances for first time in four days

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 13, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Córdoba) - Gold prices advanced on Wednesday, reversing most of its previous day’s losses, as sentiment stabilized in financial markets.

    Gold had fallen for three consecutive sessions, losing nearly 2%, before turning higher. On Wednesday, the metal has climbed 0.6% to $1,091 an ounce. It earlier fell below $1,080 an ounce to hit its lowest level in a week.

    The metal had fallen during the previous sessions amid a stronger dollar and better appetite for risk, which tempered the appeal of gold as a safe-haven.
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