Gold resumed its uptrend after briefly pulling back. The BOJ’s acceleration of monetary easing spurred buying interests as excess liquidity in the market would dampen the values of ‘currencies’. Meanwhile, decline in the dollar also increased the attractiveness of the metal. The benchmark contract extended gains to as high1329.6. Crude oil also rebounded to 82.14 in European session as a strike at France’s biggest oil port reduced operations at refineries.
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Gold Approaches 1330 as BOJ Eases
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