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Gold tests highs beyond $1,260

FXStreet (Edinburgh) - The precious metal is edging higher on Tuesday, hovering over session highs beyond $1,260. Renewed concerns about the global economic growth prompted investors to increase their demand for gold as a safe haven, lifting the ounce troy from the mid-$1,200s.

As of writing, spot gold is up 0.57% at $1,260.90.

Euro wakes up from lethargic range – FXStreet

FXStreet Chief Analyst Valeria Bednarik suggests that even though the European calendar is light today, earlier remarks from Angela Merkel on the fragility of the recovery in the area and ECB policymakers' comments on the easing measures caused the euro to wake up from its lethargic range, breaking lower and reaching 1.3556.
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Positive UK Industrial Production data gives GBP/USD a brief boost – FXStreet

According to FXStreet Chief Analyst Valeria Bednarik, data released today showing a considerable annual increase in UK Industrial Output gave GBP/USD a lift up to 1.6817 daily high.
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