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Gold prices rose in today's session for a third consecutive day with the precious metal currently quoted at USD1,239.40, +0,51% a troy ounce, a three-month high. Intraday gold traded as high as USD1,243.90.
Gold in recent days has been supported, as political uncertainty in Greece and concerns about the impact of falling oil prices on the global economy led investors to buy the precious metal. Also growing speculations that FED will keep rates on hold for longer after mixed U.S. job data with a surprise drop in hourly wages on Friday supported the metal.
Bullion will remain under pressure in 2015 as the U.S. dollar remains strong boosted by the diverging policy outlook between the Fed and central banks in Europe and Japan and stocks markets continue to rise.
GOLD currently trading at USD1,239.40
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