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Updated 17:42 23/09/20

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Gold rises to six week high

Duncan Richardson, News Editor
20 Jan 2014, 5:23 p.m.

Gold for immediate delivery advanced to a six week high of $1,260.07 per ounce, as demand for the largest exchange-traded product increased at its fastest pace since 2011. Assets in the SPDR Gold Trust increased by 7.49 tonnes or 0.9% the largest one day rise since November 2011. Silver, platinum and palladium all traded higher on Friday.

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