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Gold up on technical trading, weaker U.S. dollar

Xinhua, April 16, 2016 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Friday as technical trading caused a bounce in the price of the precious metal and the U.S. Dollar also fell.

The most active gold contract for June delivery rose 8.1 U.S. dollars, or 0.66 percent, to settle at 1,234.60 dollars per ounce. Endit