Tuesday, 28 February 2012

SINGAPORE, Gold traded steady on Tuesday, trapped in a tight $4 range below $1,770, as a major cash injection action by the European Central Bank expected later this week supported sentiment.

Gold posted losses in the previous two sessions as the momentum fizzled after bullion hit a more than three-month high last week, during which a Greece bailout deal and expectations of more monetary easing from key economies inspired gold bugs.

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