Gold stabilizes as political tensions grow

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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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