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Gold holds near four-month high as investors seek to hedge risks

Reuters  |  LONDON 

By Peter HobsonLONDON (Reuters) - Gold prices were near their highest in four months on Thursday as a dip in global stocks and recent gains in commodity prices encouraged investors to hold bullion as insurance against a stock market correction and rising inflation. Spot gold was up 0.2 percent at $1,319.38 an ounce at 1157 GMT after touching $1,326.56 on Wednesday, the highest since Sept. 15.U.S. gold futures were flat at $1,319.80 an ounce.Gold has rallied by more than $80 since a low in mid-December, helped by a weakening of the dollar that has made bullion cheaper for holders of other ...

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First Published: Thu, January 11 2018. 18:11 IST