GOLD - HOLDS ABOVE 1300 Gold held above $1,300 an ounce after - TopicsExpress

GOLD - HOLDS ABOVE 1300 Gold held above $1,300 an ounce after gaining the most in two weeks as investors assessed the U.S. government shutdown and its impact on the outlook for monetary stimulus from the U.S. Federal Reserve. Bullion for immediate delivery fell as much as 0.3 percent to $1,312.56 an ounce, and traded at $1,312.30 at 9:53 a.m. in Singapore. Prices climbed 2.2 percent yesterday, rebounding from an eight-week low of $1,277.15, after a private report showed U.S. companies added fewer workers than forecast in September, supporting the case for the Fed to maintain its $85 billion-a-month of bond buying.

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