Gold stabilizes as political tensions grow

Gold has stabilized supported by growing political tensions, boosting demand for safe investment assets as investors await important US economic data this week.

Spot gold rose 0.01 per cent to $ 1253.70 an ounce at the end of trading in the US market. According to Reuters.

The yellow metal rose above $ 1270 on Friday for the first time since early November after weaker-than-expected US job data to dampen expectations of a rate hike soon and after a US missile strike on a Syrian air base.

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