Gold advances from lowest level in four months

Source: Bloomberg
Gold bounced off from the lowest level in four months to the highest in approximately a week as the greenback depreciated and lower prices boosted the demand in China. The Yellow metal for immediate delivery gained 0.6% to 1,2580.30 an ounce, the highest since November 20, ahead of trading at $1,252.64 at 12:26 p.m. Singapore time.

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