TOKYO: Asian shares rose on Wednesday as positive U.S. data pointing to a moderate recovery in the economy offered comfort, while the euro eased on worries over the consequences of the Cyprus bank bailout deal which inflicts huge losses on wealthier depositors.
Investors shifting money to chase higher premiums on risk assets such as stocks kept a lid on safe-haven bullion, keeping spot gold capped below $1,600 an ounce, barely holding above its 14-day moving average.
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