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Gold prices on Monday during the Asian session grew and recovered from a six-month low due to return to the physical market of Chinese customers, but the strong dollar restrains growth.
Premiums for gold bars in Hong Kong rose to $ 1.70 an ounce to prices in London from $ 1.50 last week, pointing to a rise in demand from jewelers, director of Lee Cheong Gold Dealers in Hong Kong Ronald Leung, adding that he doubted the stability demand.
"A strong dollar - is the most important factor. Mood is not very optimistic even with the tensions in North Korea," - said Leung. Gold as a safe asset is usually more expensive in the amplification of geopolitical tensions.
North Korea's ally China said to be preparing another one or two nuclear tests this year in an attempt to force the U.S. to begin a diplomatic dialogue with Pyongyang, said a source familiar with the message of North Korea.
Gold prices could not be fixed at the levels reached during the Asian session, as the U.S. stock markets are closed today in observance of President's Day. Before rushing to the $ 1670, in Europe, gold was returned to score points. How to write analysts Commerzbank, «the recent decline occurred against a significant outflow of funds from the gold ETF. In addition, the downward pressure on gold had mostly players futures market. "
April futures price of gold on COMEX today fell to 1606.70 dollars per ounce.
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