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Post by bot on Feb 10, 2014 20:12:54 GMT -5
Gold marks highest close since mid-November SAN FRANCISCO (MarketWatch) -- Gold futures climbed on Monday for a fourth-straight session to settle at their highest level since mid-November as traders awaited Federal Reserve Chairwoman Janet Yellen's Tuesday testimony to Congress on monetary policy. Prices also found support as Chinese traders returned to the market following the recent Lunar New Year holiday. April gold tacked on $11.80, or 0.9%, to settle at $1,274.70 an ounce on the Comex division of the New York Mercantile Exchange. Based on the most-active contracts, futures prices haven't closed at a level this high since Nov. 15, FactSet data show.
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