Gold rises after China cuts banks reserves ratio

A woman is reflected on a mirror inside a gold jewellery shop in the western Indian city of Ahmedabad.

A woman is reflected on a mirror inside a gold jewellery shop in the western Indian city of Ahmedabad.

Published Nov 30, 2011

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Gold turned positive on Wednesday after China's central bank cut the reserve requirement ratio for its banks for the first time in nearly three years.

Spot gold cut earlier losses and rose 0.2 percent to $1,719.55 per ounce by 13:17 SA time, from $1,714.29 late in New York on Tuesday. - Reuters

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