Gold

Gold rose in New York and London after two straight declines as rising equity markets signaled increased willingness to take on risk, weighing on the dollar.
Gains in equities are a sign of “falling risk aversion,” which may reduce demand for the dollar, pushing gold higher, said Carsten Fritsch, a Commerzbank AG analyst in Frankfurt.

Jul 30 · 12:18:00 PM · Source: Bloomberg.com
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by Rich Pike