Reuters reported that gold prices rose over $1600 while the still-weak euro extended a slight rally.
As quoted in the market news:
Spot gold was up 0.5 percent at $1,602.45 an ounce at 1342 GMT, off an earlier low of $1,586.29. U.S. gold futures for August delivery were up $5.30 an ounce at $1,591.50.
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