Gold gains after four-day drop; watching euro

MTECHTIPS

Gold gains after four-day drop; watching euro

Gold rose on Thursday, arresting four straight days of declines, although a ratings agency downgrade to Spain's creditworthiness could weigh on the euro and, in turn, restrict gains in the bullion price.
The euro steadied after a drop driven by Standard & Poor's, which cut Spain's sovereign credit rating to BBB-, leaving the euro zone's fourth largest economy just one notch away from speculative territory

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