Gold was stuck in a narrow range above $1,300 an ounce on Tuesday - TopicsExpress

Gold was stuck in a narrow range above $1,300 an ounce on Tuesday after falling a day earlier as equities gained ground, with investors appearing to set aside for now geopolitical worries concerning Ukraine. Spot gold was steady at $1,308 an ounce by 0022 GMT, and was trading in a $2 range early in Asia. It fell 0.1 percent on Monday. U.S. gold slipped about a $1 to $1,309.70. Gold has gained about 9 percent this year, largely on tensions between the West and Russia over Ukraine, and violence in the Middle East. Other than geopolitical factors, gold has been unable to draw support from elsewhere. Reuters XAUUSD 1307.20 XAGUSD 20.01 (Bid Prices on Reuters at 0103GMT)

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