Gold Steadies As Global Stocks Recover

Precious-Gold steadied after posting its biggest drop in five weeks on Wednesday, as a rebound in Wall Street helped Asian shares to advance. The yellow metal hit a low of $1123.02 an ounce, while it currently trading at $1126.47, after opening at $1125.18. U.S. shares soared on Wednesday to end six straight days of losses after Fed official said raising interest rates in September is looking less compelling.

from Energy and Metal Commentaries http://ift.tt/1PVHB01