Gold rose for the first time in three days after speculators boosted bullish bets on the precious metal to a three-month high.
Futures
for February delivery climbed 0.3 percent to $1,194.10 an ounce on the
Comex by 8:54 a.m. in New York. Bullion for immediate delivery rose 0.1
percent to $1,194.06, according to Bloomberg generic pricing.
The
cost of lending the metal turned positive on Dec. 5 for the first time
in six weeks, as the U.S. jobs data reinforced expectations for higher
interest rates next year and lifted the U.S. dollar. Bullion futures
slid 1.4 percent after the report.
Source: Bloomberg
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