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ABC News reports that Gold for February delivery rose $2.40 to settle at $1,382.90 an ounce.
ABC News reports that Gold for February delivery rose $2.40 to settle at $1,382.90 an ounce.
The market news is quoted as saying:
On Saturday, the Chinese government announced that the benchmark one-year lending rate will climb. Many expected the move could dampen gold prices by easing inflation fears.
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