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Gold rises amid geopolitical uncentainties

Xinhua, April 4, 2017 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday amid a series of political and trade uncertainties in the world.

The most active gold contract for June delivery rose 4.4 U.S. dollars, or 0.35 percent, to settle at 1,258.4 dollars per ounce.

Geopolitical uncertainties in Europe have led to the rise of gold futures, analysts said.

The first round of the 2017 French presidential election will be held on April 23. All candidates, including frontrunners Emmanuel Macron and Marine Le Pen, are taking part in a television debate on Tuesday, seeking support from undecided voters.

A subway bomb explosion in St. Petersburg on Monday left dozens dead or injured, highlighting the terrorist threat that Russia is still facing.

Britain has officially started the process to leave the European Union, commonly referred to as Brexit, at the end of March. It may take years, with no one being sure about the consequences.

Silver for May delivery rose 11.1 cents, or 0.61 percent, to close at 18.323 dollars per ounce. Platinum for July delivery grew 6.3 dollars, or 0.66 percent, to close at 964.50 dollars per ounce. Endit