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PRECIOUS-Gold recovers on stronger euro, central bank policy

Friday, January 25, 2013

WN.com - Asia News
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PRECIOUS-Gold recovers on stronger euro, central bank policy
Jan 25th 2013, 11:18

* Euro strength versus the dollar lends support to gold * Bank of Japan reaffirms aggressive monetary policy * Coming up: ECB loan repayments statement 1100 GMT (Updates throughout; changes dateline from SINGAPORE) By Clara Denina LONDON, January 25 (Reuters) - Gold bounced from a near two-week trough on Friday, underpinned by a stronger euro ahead of the ECB loan repayments statement and the reaffirmation of Bank of Japan's commitment to aggressive monetary easing. The euro hit an 11-month high versus the dollar as markets awaited to know how much banks will repay of the one trillion euros in European Central Bank crisis funds that have been keeping them afloat. A weaker dollar is...
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