Barring on Thursday, the price of gold has been on an upward swing since last week, when it touched an all-time high of $1,249.40 an ounce, on fears that the European Union's debt reduction measures could depress global economic growth.
However, in Thursday's trade at the bullion market, the yellow metal eased 2.5 per cent to $1,180 a day after Germany banned naked short-selling in the euro bond market and expressed concerns about the euro.
Text: Business Standard
Images courtesy: AFP / Reuters
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