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Gold upside lacks strength? – UBS

Strategists at UBS poured cold water over the recent spike of the precious metal above the critical $1,300 handle...
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ECB stays on hold, as expected

The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.15%, 0.40% and -0.10% respectively.
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