SINGAPORE: Gold was trading close to a seven-week peak on Wednesday, boosted by safe haven bids as the dollar weakened on cautious comments by US Federal Reserve officials regarding a rate hike and on political uncertainty in Greece.
Spot gold had eased 0.2% to US$1,228.18 an ounce by 0051 GMT. The metal jumped to US$1,238.70 in the previous session, its highest since Oct 23, before closing up 2%.
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