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Reuters reported that an increase in activity from Asian traders lifted gold on Monday from the last session’s week-long low.
Reuters reported that an increase in activity from Asian traders lifted gold on Monday from the last session’s week-long low.
As quoted in the market report:
Recent weakness in the global market has triggered physical buying interest in Asia, particularly in China, as the spread between onshore prices and international prices widens, cushioning the fall in dollar-priced gold.
