Gold rises as investors expect further stimulus cuts

Source: Bloomberg
© Scanpix/RS
Gold increased on Thursday trading session rising towards the strongest level in a three-month period as investors assessed prospects of further U.S. stimulus cuts and signs of reducing physical demand mainly from Asia. Bullion for settlement in February swung between gains and losses and was last seen at $1,289.33 an ounce as of 2:50 p.m. Singapore time.

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