Bullion at almost highest in two weeks as stimulus are poised to be sustained

Source: Bloomberg
© Scanpix/AFP
Gold traded near the highest level in two weeks after predictions that lawmakers would continue to sustain their economies lead to a rise in demand for store of value. Spot gold reached $1,694.81 an ounce, the most since December 18. Bullion for February settlement remained almost unchanged at $1,686.80 an ounce, and there was seen a 12th year rise as gold ended 7.1% higher in 2012.

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