The International Monetary Fund's chief reiterated on Tuesday that strong growth in Asia and Latin America made it unlikely that the global economy would suffer a double-dip recession. Gold steadied after rising nearly 2 percent the previous day when worries over debt problems in the euro zone bolstered the metal's appeal as a haven from risk and a currency alternative, but high price levels may prompt selling. Oil steadied near two-week highs around $77 after a 3 percent jump the previous day, as stock markets rallied on upbeat quarterly U.S. corporate results and signs of increasing fuel demand. Copper fell to a one-week low before edging up on Tuesday as weaker Chinese equities stoked concerns about slowing economic growth in the top metals consumer. The euro pared losses on Tuesday after a smooth Greek Treasury bill auction offset the negative effects of an earlier Portugal ratings downgrade. It's going to take years for Greece to figure this out, not just one auction.

Source