Gold flat as Europe stocks gains muted by U.S. Sandy

MTECHTIPS

Gold flat as Europe stocks gains muted by U.S. Sandy

Gold prices were little changed on Tuesday as European stock markets rose and the dollar weakened, but moves were limited as New York markets remained closed due to Hurricane Sandy, and ahead of a key US jobs report due later this week.
Gold took some support from strength in European shares, which were boosted by well-received company reports from BP and UBS, and the euro, after data showed the Spanish economy contracted at a slightly slower rate than forecast in September.

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