Gold ticks higher in Asia, but stays below $ 1230

Gold is seen reversing a part of yesterday’s losses and defends mild gains on Thursday, amid modestly higher Asian equities and broad based USD recovery.
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China investment bank defaults on ‘dim sum’ bond' - FT

The Financial Times reports thata a unit of Guosen Securities, China's eighth-largest investment bank, has defaulted on a Hong Kong-traded renminbi bond.
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