Gold futures maintain even over the European session
On light trading, the gold bullion is trading within a tight range around even after paring losses made over the Asian session. At the time of writing, the gold contract for June delivery trades at $1212.00 where it is slightly above the opening price.
Gold has benefited from recent market turmoil as investors moved away from riskier assets and tried to hide in the safety of the yellow metal. However with higher confidence today gold is unable to sustain upward movement, remaining stable on the lasting need for diversification.
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