Gold inches up, supported by optimism on economy

On Wednesday, Gold inched up,extending its recovery from a two-week low hit earlier this week as positive earnings results underlined demand for the precious metal, while palladium climbed to a fresh two-year high.

The press release is quoted as saying:

Spot gold XAU= edged up 0.2 percent to $1,142.25 an ounce by 0349 GMT from New York’s notional close of $1,139.50. It hit a two-week low of $1,123.15 on Monday.

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