Gold moves higher despite weak demand from Asia

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Source: Forexpros
Gold futures increased at the Asian trade on Thursday, erasing previous losses caused by speculation that in case Span's debt auction proves to be unsuccessful the US Dollar will catch momentum. Moreover, weak physical demand from Asian consumers has continued to limit the upswing of the yellow metal.  COMEX gold for delivery in June traded at 1,642.55 US Dollars per troy ounce on the New York Mercantile Exchange, advancing by 0.18%.


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