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Gold trade higher amid risk-off in Europe

Despite the risk-off, the upside in the metal is being capped around the Tuesday’s high of $1232.60 levels. Prices recovered from the low of $1221, tracking the oil driven slide in Asia and more importantly in Europe.
The upside in the metal is also being capped by reports; India’s imports could have hit 2-year low in February. At the time of writing, the metal traded around $1228/Oz levels.

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