Gold bucks earlier loss, turns higher with stocks
Gold for August delivery GCQ3 +0.54% rose $9, or 0.7%, to $1,286.30 an ounce, shaking off losses during the Asian day and Monday’s 1.2% retreat on Monday on the Comex division of the New York Mercantile Exchange.
China stocks ended mildly lower on Tuesday, in a modest recovery after steep losses during the session. Helping those stocks and U.S. stock futures, which were higher, was speculation that policy makers will address the media and discuss liquidity issues.
A People’s Bank of China official said Tuesday that the central bank will guide interest rates to a ”reasonable range.”
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