LONDON: European shares sank by over one percent on Wednesday despite a recovery on Wall Street and across Asia, as investors positioned for sluggish growth in the euro area and ongoing monetary policy easing in the U.S. and Japan.
However gold, which had touched its lowest level in more than two years on Tuesday, jumped over one percent to hit a high of $1,381.80 an ounce as the prospects for further monetary stimulus improved investor sentiment.
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