Gold above $1,300/oz on lower shares

Gold steadied above $1,300 an ounce on Monday, as European shares weakened and political tensions simmered after the downing of a Malaysian airliner in eastern Ukraine last week and incessant fighting in Gaza.

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Published: Tue 22 Jul 2014, 10:16 PM

Last updated: Sat 4 Apr 2015, 4:46 AM

Spot gold was up 0.5 per cent to $1,317.10 an ounce at 1218GMT, while US gold futures for August delivery were up 0.6 per cent at $1,317.70 an ounce.

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