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Urgent: Gold jumps as Swiss scraps euro cap

Xinhua, January 16, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange jumped on Thursday to a more- than-four-month high as investors weighed Switzerland's abandonment of a three-year cap on the Swiss franc against the euro.

The most active gold contract for February delivery rose 30.3 U. S. dollars, or 2.45 percent, to settle at 1,264.80 dollars per ounce. Endite