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NERVOUS MARKETS

Safe-haven demand for gold to outweigh effects of US dollar rise, say analysts

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With gold prices having fallen in the past week, Singapore investors have bought up bullion. GoldSilver Central said four-fifths of the gold trades by its clients were purchases of bullion.

Singapore

THE price of gold continued its decline over the past week on Monday, but with continued uncertainty surrounding major economies in the world, analysts believe the yellow metal will be supported till the end of the year.

Spot gold dropped to as low as US$1,315.51 an ounce