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BULLION LATEST - Gold rises as US jobs data boosts QE3 hopes, weakens dollar
2012-04-10 08:35:07

 

- Gold prices rose during Monday morning trading in Asia after weak-than-expected US job growth in March revived talk of a third round of quantitative easing, while a weaker dollar improved the attractiveness of dollar-denominated commodities for investors using other currencies.

- Spot gold was quoted at $1,639.28-1,639.89 per ounce, down from the close on Friday at $1,631.39. Silver climbed to $31.80-31.85 from the previous session's close at $31.74.

- China's CPI for March came in on Monday at 3.6 percent, above the forecast of 3.3 percent and an increase from 3.2 percent in February, strengthening demand for gold as a hedge against inflation.

- Spot platinum was quoted at $1,610-1,619 per ounce, up from the closeon Friday at $1,606.50. Palladium was steady at $642-657 from the previous session's close at $645.50.





TIME
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Prices By NTGOLD
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37.5g ABC Luong Bar
5,214.404,814.40
1oz ABC Bullion Cast Bar
4,334.703,954.70
100g ABC Bullion Bar
13,891.4012,791.40
1kg ABC Bullion Silver
1,695.501,345.50
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