Gold hovers near 5-year low, eyes on Shanghai

21 Jul, 2015 7:10 am

MANILA – Gold held near its lowest level in more than five years early on Tuesday after tumbling more than 4 percent the session before in an early-Asia rout, pulling bullion below the key $1,100 support.

Monday’s selloff began shortly after the Shanghai Gold Exchange opened trading when liquidity was thin and investors are eyeing the bourse for any further selling pressure. -Reuters

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