Gold ticks down ahead of euro zone bank stress tests

On Friday, Gold steadied despite gains in equities as investors took to the sidelines before the release of European bank stress test results, which seek to restore confidence in the euro zone banking sector.

The press release is quoted as saying:

Spot gold was up $1.00 to $1,196.35 an ounce by 0630 GMT (2:30 a.m. EDT) after rising as high as $1,200.10 on Thursday as strong corporate earnings and rallies in equities spurred buying.

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