XAUUSD firm as risk assets slump on Cyprus deal

by on March 18, 2013 5:17 am BST

Assets perceived as safe-haven were bolstered by the sharp risk aversion, pushing spot gold as much as 1 percent higher to a three-week high of $1,608.30 (1,064.39 pounds) an ounce earlier. Bullion was last trading up 0.3 percent at $1,596.36 (1,056.49 pounds).