By: Reuters
Spot gold [XAU= 1809.89
-10.21 (-0.56%)
]added $5.39 to $1,825.49 an ounce by 0017 GMT, having fallen 0.7 percent in the previous session. Bullion was well below a lifetime high around $1,920 an ounce struck last week.
Gold steadied on Thursday but was still under pressure from rising equities and optimism over tentative steps by European policy makers to resolve and contain the region's debt crisis.
Jack Vearey | Getty Images |
U.S. gold futures [GCCV1 1816.40
-10.10 (-0.55%)
] added $1.1 to $1,827.60 an ounce.
The leaders of France and Germany told Greek Prime Minister George Papandreou in a conference call on Wednesday it was vital to implement reforms and meet fiscal goals set under a July 21 bailout plan.
The Nikkei average rose on Thursday after U.S. stocks marked their third day of gains following European leaders' suggestion of renewed resolve to contain the euro-zone debt crisis.
The Nikkei average rose on Thursday after U.S. stocks marked their third day of gains following European leaders' suggestion of renewed resolve to contain the euro-zone debt crisis.
The euro held on to gains against the greenback in another volatile session on Thursday, boosted by stronger stocks and calming words from European leaders about Greece's future, but sentiment remains extremely fragile.
Brent crude rose Wednesday on hopes the euro zone's debt crisis would ease, while U.S. oil futures fell following data showing a surprise increase in U.S. product inventories.
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