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Asian gold near 2-week high on dollar, US GDP data

Reuters Business Standard:
Adds $1.12 to $1,663.44 an ounce Monday morning, had risen to $1,667.11 on Friday, its strongest since April 13
Gold held near a 2-week high on Monday on prospects of more safe haven buying, with the dollar under pressure from weaker-than-expected US economic data and speculation the Federal Reserve could ease policy further to boost growth.

Gold added $1.12 to $1,663.44 an ounce by 0301 GMT, but the metal was heading for its third monthly decline. Bullion had risen to $1,667.11 on Friday, its strongest since April 13, on disappointing US growth and European debt jitters.

Read More @ Reuters Business Standard

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