Gold strongly bid near $ 1183 on safe-haven appeal

Gold prices on Comex extends its upward moves and climbs further in the early European trades, largely boosted by safe-haven demand amid the ongoing Greek drama with markets expecting Greece to default on its debt obligations to IMF due tomorrow which spurred risk-aversion across the board.
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China: SOE debt risk likely triggered the PBoC easing – Nordea Markets

Amy Yuan Zhuang of Nordea Markets, notes the key possible objectives behind PBoC’s recent aggressive easing.
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