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Urgent: Gold up strongly on risk averse trading, weaker U.S. dollar

Xinhua, April 12, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose by more than 1 percent on Monday as traders demonstrated risk averse behavior in addition to a fall in the U.S. dollar.

The most active gold contract for June delivery rose 14.2 U.S. dollars, or 1.14 percent, to settle at 1,258 dollars per ounce. Endit