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Gold is slightly more expensive due to the weaker dollar, but holding back growth expectations employment report in the U.S..
According to analysts, the number of jobs in the U.S. in September grew by 125,000 and the unemployment rate rose to 7.9 percent from 7.8 percent in August. Rising unemployment is cause for optimism for the gold, because it increases the likelihood of further stimulus measures.
The Bank of Japan on Tuesday expanded the program of buying up assets and lending by 11 trillion yen to 91 trillion yen, and launched a program of unlimited long-term loans to banks at low rates. According to experts, the actions of the central bank, as any incentives, support gold, though not unexpected.
Importers of gold in India - the world's largest consumer of the precious metal - increase purchases in November, on the eve of the upcoming Hindu festival of light Diwali and on the background of wedding season.
December futures price of gold on COMEX today rose to 1715.70 dollars an ounce and is now trading at 1711.30 dollars per ounce.
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