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Gold records the highest price in a week
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Economy News _ Baghdad Gold prices jumped to a one-week high on Monday, as demand for the precious metal rose as a safe haven, and the dollar was pressured by renewed fears over North Korea's nuclear ambitions. Spot gold rose 0.4 percent to $ 12799.99 an ounce, having earlier touched its highest level since September 29 at $ 1284.97 an ounce. US gold futures for December delivery rose 0.6 percent to $ 1282.40 an ounce. The dollar steadied against the yen after falling from its 12-week high last week as renewed focus on geopolitical tensions amid concerns that North Korea might be preparing for another test. The spot price of silver rose 0.7 percent to $ 16.90 an ounce, after touching a two-week high of $ 16.99 an ounce earlier. Platinum and palladium rose 0.5 percent to 917.50 and 924.65 dollars an ounce respectively. |
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