Gold erases previous losses despite greenback's strength

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Source: Forexpros
Gold futures jumped at the Asian session on Tuesday, erasing some of the previous losses despite stronger US Dollar. Traders were mainly inspired by waning corners over Spain's debt crisis as the ECB is likely to intervene to ease credit pressure in the country. COMEX gold futures for delivery in June traded at 1,652.85 US Dollars per troy ounce on the New York Mercantile Exchange, gaining 0.19%.


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