Gold hits new eight-year high

TUESDAY was an outstanding session for precious metals, which overshadowed another strong performance by base metals.

Gold hits new eight-year high Gold hits new eight-year high Gold hits new eight-year high Gold hits new eight-year high Gold hits new eight-year high

It comes after the European Central Bank announced stimulus measures overnight.

Gold futures rose as high as US$1844.90 an ounce and last traded at $1842.70/oz.

Spot gold was sitting at $1842.15/oz.

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