Gold nears one-month high at the weekend, set for seventh straight monthly rise


ASIA (Reuters): Gold rose to near a one-month high on Friday and was headed for a seventh straight month of gains, supported by geopolitical tensions after the United States and Iran extended nuclear talks, while softer U.S. Treasury yields further boosted bullion.

Spot gold was up 0.8% at $5,230.56 an ounce by 01:38 p.m. ET (1838 GMT), hitting its highest level since January 30 earlier in the session. Prices have climbed 7.6% so far in February. U.S. gold futures for April delivery settled 1% higher at $5,247.90.

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