Asia Precious Metals Correspondent, Singapore
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Apr 17, 2014
Apr 17, 2014

Gold slips back below $1,300 on fund outflows, higher stocks

SINGAPORE (Reuters) – Gold fell for a second session out of three on Thursday on higher equities and as the world’s biggest gold-backed fund saw its sharpest outflow in nearly four months.

Bullion fell nearly 2 percent on Tuesday to its lowest in 1-1/2 weeks on technical selling and fears over slowing demand in top consumer China, but steadied just above the $1,300 an ounce in the previous session.

Apr 17, 2014
Apr 17, 2014
Apr 17, 2014
Apr 17, 2014
Apr 16, 2014
Apr 15, 2014

Gold slips from three-week high as strong equities offset safe-haven buying

SINGAPORE (Reuters) – Gold retreated on Tuesday from a three-week high as gains in equities and strong U.S. retail sales data offset safe-haven bids that were driven by heightened tensions in Ukraine.

U.S. retail sales recorded in March their largest gain in 1-1/2 years in a decisive sign the economy is bouncing back from its weather-induced slumber, boosting equities that have been under pressure recently.

Apr 15, 2014
Apr 15, 2014
    • About Ananthalakshmi

      "Anantha is responsible for Reuters' gold coverage in Asia, the biggest consumer of the precious metal. Based in Singapore, she tracks the day-to-day market movement of gold prices during Asian hours, fund flows and central bank purchases. She also covers the physical markets in key buyers China and India. Anantha used to cover U.S. companies earlier from Bangalore."
      Hometown:
      India
      Joined Reuters:
      2008
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