GOLD
- Gold ticked lower on Tuesday but held near its strongest level in four months, underpinned by concerns about economic growth in China and nervousness over Ukraine after acting President Oleksander Turchinov warned his country was close to default.
- An increase in holdings on bullion-backed exchange-traded funds also could also reflect renewed interest from investors, although bullion will have to crack key technical resistance levels before it can move higher.
- Gold eased 0.2 percent to $1,334.45 an ounce by 0649 GMT after rising as high as $1,338.60 on Monday, its strongest since late October.
- Gold has risen more than 10 percent this year. Premiums for 99.99 percent purity gold on the Shanghai Gold Exchange over cash gold were around 50 U.S. cents to $1 an ounce on Tuesday, down from a high around $11 last week, indicating declining demad and making it less attractive for importers to bring gold into China.
- U.S. gold was at $1,334.60 an ounce, down 0.25 percent. It jumped to a four-month high of $1,339.20 on Monday.
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