Gold prices today built on its goodish intraday positive move and climbed to three-day tops, around the $1720 region during the early North American session.
The central bank announced on Monday that it would stop buying gold starting April 1, but didn’t explain the move. Analysts say Russia already has a lotof gold stashed in reserves and likely doesn’t need more.
Spot gold was down 0.1 per cent at $1,574.69 per ounce as of 0427 GMT, having touched its highest since Feb. 4 at $1,577.89 earlier in the session.
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