Gold bounces in Asia

Gold bounced on Thursday from its weakest level in almost a week as rising tension on the Korean peninsula stirred some safe-haven buying in Asia, though gains are likely to be capped by uncertainty over the Federal Reserve’s stimulus programme. Gold hit its lowest since April 5 at $1,553.10 an ounce before rebounding to $1,560.41 by 0606 GMT, up $2.27. 

Bullion declined more than 1 percent on Wednesday in its biggest one-day fall since February 20. US gold for June delivery was at $1,560.30 an ounce, up $1.50. 

Copyright Reuters, 2013

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