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Gold firm on weak U.S. data, North Korea concerns


By Vijaykumar Vedala(Reuters) - Gold prices edged higher on Monday as weaker-than-expected economic data from the U.S. and a missile test by North Korea over the weekend pressured the dollar. Spot gold was up 0.3 percent at $1,232.45 per ounce at 0726 GMT and hovered just above the 100-day moving average. The yellow metal rose 0.3 percent on Friday.U.S. gold futures were up 0.4 percent at $1,232.20 an ounce.North Korea said on Monday it had successfully conducted a newly developed mid-to-long range missile test on Sunday, supervised by leader Kim Jong Un and aimed at verifying the ...

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First Published: Mon, May 15 2017. 13:25 IST