Bullionguru’s,”Gold continues slow climb”

© Reuters. Gold prices have continued to recover this week from multi-month lows.

Gold climbed in Asia on Wednesday, continuing a recovery from multi-month lows last week.

Gold futures for August delivery edged up 0.37% to $1,219.23 as of mid-morning.

Gold has been rebounding this week after stronger than expected economic data out of the U.S., a subdued inflation picture in China and a narrower than expected current account surplus in Japan. A strengthening in other commodity prices like oil and iron have also helped while political uncertainty in the U.S. has taken some of the shine off the US dollar.

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