Other safe-haven assets including the yen, Swiss franc and German government bonds were also in demand as investors took a step back from the riskier bets that have remained firmly in vogue this year.
Fighting between Iraqi forces and insurgents raged in the home town of former dictator
Gold hovered around
While the geopolitical tensions weighed, there was the comfort that the disappointing U.S. data could keep interest rates at record lows for a longer period of time - meaning markets struggled for clarity.
Stock markets in
Investors were also digesting an unexpected drop in euro zone business and consumer confidence data and awaiting German inflation numbers, both important for the
The decline confirmed PMI data earlier this month which showed the 18-country bloc's economic recovery was stuck in low gear and adds urgency to
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