Gold prolongs its increase due to finish of Chinese holidays

Source: Bloomberg
© scanpix/RS
Gold rebounds from seven-week lows, since Chinese traders returned from the Lunar New Year holiday, while investors is assessing the possibility of Fed's rate hike before US inflation data. Precious metals added 0.7% to $1,213.23 per ounce. Gold slightly climbed 0.4% on Wednesday, showing gains from a seven-week deep of $1,190.52.
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