Cash gold rises 1.2 per cent, tracks US futures

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Spot gold jumped to a session high of $1,429.60 an ounce on Wednesday, tracking track gains in US futures, while a drop in the previous session triggered physical buying.
But gains may be capped by a firm US dollar, strong equities and daily falls in holdings by exchange-traded funds, which reflected investors’ weakening confidence in the precious metal.

Source: Reuters
Source: Bullion Bulletin

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