Gold hits four-month high on economic concerns
Clara Denina
Reuters - Reuters - 26 February 2014
Gold prices rose above $1,340 on Wednesday, holding onto four-month highs on uncertainty over China's economic policy moves and with weaker data raising questions about the strength of the U.S. recovery. Investors have poured back into the metal, which has risen 11 percent since the beginning of the year, on worries about economic conditions in the United States and in China, which is now dealing with unprecedented growth in corporate debt. Spot gold touched its highest since October 30 at$1,345.35 an ounce and was down 0.1 percent at $1,339.23 by 1146 GMT.
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