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Urgent: Gold up on weaker U.S. dollar, ECB rate cut

Xinhua, December 4, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose Thursday as the U.S. dollar went down in the wake of a meeting of the European Central Bank at which the bank decided to make a less-than-expected cut to interest rates.

The most active gold contract for February delivery rose 7.4 U.S. dollars, or 0.70 percent, to settle at 1,061.20 dollars per ounce. Endit