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Urgent: Gold rises on geopolitical instability

Xinhua, January 7, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Wednesday as geopolitical instability drove investors to the precious metal.

The most active gold contract for February delivery rose 13.5 U.S. dollars, or 1.25 percent, to settle at 1,091.90 dollars per ounce. Endit