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Gold jumps to highest level in eight months

Friday, February 12, 2016 - 05:50
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Gold climbed beyond US$1,200 an ounce on Thursday - spiking to its highest level in over eight months - after US Federal Reserve chair Janet Yellen indicated that further interest-rate increases could be delayed should the tumult in global markets continue.

Singapore

GOLD climbed beyond US$1,200 an ounce on Thursday - spiking to its highest level in over eight months - after US Federal Reserve chair Janet Yellen indicated that further interest-rate increases could be delayed should the tumult in global markets continue.

The metal has