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Gold steady; heightened hopes of ECB action support

August 17, 2012 Comments Off on Gold steady; heightened hopes of ECB action support

August 17, 2012, 8:20 am

By Rujun Shen
SINGAPORE (Reuters) – Gold traded nearly flat on Friday, holding on to gains in the previous session from its biggest daily rise in two weeks on German Chancellor Angela Merkel’s support for more action by the European Central Bank to contain the bloc’s…

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