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LONDON, Aug 13: Gold recovered in Europe on Wednesday as the dollar’s retreat from six-month highs boosted the precious metal’s appeal as an alternative investment and as oil ticked up.
Traders awaited US oil inventory numbers due out later in the session and key economic data due later this week for clues as to the future direction of trade.
Gold rose to $820.20/821.20 an ounce from $814.50/815.50 an ounce late in New York on Tuesday, having earlier touched a session high of $825.80.—Reuters
