Gold logs third session climb, holds above $1,260

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SAN FRANCISCO �� Gold futures settled higher for a third session in a row Wednesday, modestly extending a rise above $1,260 an ounce as optimism over global growth prospects took a hit and equities gave back some gains from their record run.

Gold for August delivery rose $1.10, or 0.1%, to settle at $1,261.20 an ounce on the Comex division of the New York Mercantile Exchange. Prices, which marked a fresh two-week closing high, gained roughly 0.6% over the past two trading sessions.

July silver settled little changed at $19.17 an ounce.

Source : MarketWatch