Gold managed to post modest gains

GOLD moved modestly higher in offshore trade as pessimism grew about Fridays EU Summit outcome. We have seen mixed comments over the course of this week and last night we saw some negative views out of German officials which shifted sentiment midway through the European session. The USD was steady and equities paired losses in US trade as talks of an IMF package surfaced. Gold finished US trade stronger by 0.80% at $1,742. Gold traded quite differently last night and actually looked as though

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