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17.02.2014 16:20

Gold rose to 3.5 -month high

Gold prices rose to a peak of 3.5 months on a weaker dollar and concerns over U.S. economic growth .

Gold as a low-risk assets become more attractive to investors this year due to weak U.S. economic indicators and China and problems in developing countries .

Following the weak employment report and the number of applications for unemployment benefits in the U.S. on Friday reported the strongest reduction of 4.5 years of industrial production in January .

Stocks of the world's largest gold exchange-traded fund secured SPDR Gold Trust on Friday fell by 5.1 tonnes to 801.25 tonnes but remain fairly stable compared to a reduction of 500 tons last year .

Margins on gold in India , the second- largest in the world for the consumption of the precious metal after China on Friday fell 17 percent to four-month low because buyers expect to reduce import duty soon. Margins on gold 99.99 fine on the Shanghai Gold Exchange on Monday rose to $ 7 per ounce to the spot price in London at $ 5.50 on Friday .

The cost of the April gold futures on the COMEX today rose to $ 1329.90 per ounce for ounce.

17.02.2014 16:41

Oil rose

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