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Tuesday, 5 July 2016

Free MCX Tips: Gold holds; weaker equities

Gold holds near 2-year highs on easing dollar, weaker equities

Gold prices held steady early on Tuesday on an easing dollar and weaker Asian stocks, after the metal surged to near two-year highs the session before. 


* Spot gold was up 0.1 percent at USD 1,351.49 an ounce by 0052 GMT. The precious metal touched a peak of USD 1,357.60 an ounce Monday, less than USD 1 below last month's high.

* US gold was up over 1 percent at USD 1,354.30.

* Silver rose as much as 7 percent and breaking above USD 21 an ounce for the first time in two years on Monday. The white metal was up 0.4 at USD 20.40.

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