Gold prices jumped to their highest in more than a month on Monday, on fund buying driven by stronger-than-expected Chinese import data, firm oil prices and a drop in the U.S. dollar against other currencies.
Gold was quoted at $1,154.30 an ounce by 0637 GMT, up $16.40 from New York's notional close on Friday. It rose as high as $1,157.65 an ounce, its strongest level since Dec. 8 -- but still below a lifetime high of $1,226.10 hit in early December.
Monday, January 11, 2010
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