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Gold prices rebounded from session low and rose above ;1300 level as escalating tensions between Russia and Ukraine boosted demand for the precious metal as a haven.
Gold fell at the begining of american session after strong U.S. job report and showed lows below $1280 area.
Ukraine sent armored vehicles and artillery to retake Slovyansk, a stronghold for pro-separatist forces, defying President Vladimir Putin’s demand to pull back troops with Russia’s army massed across the border.
Currently gold was up 1.53% at $1,301.70 an ounce. Session low was established at $1,274.80 an ounce
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