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Gold Futures Rise As Global Stock Markets Pull Back

Gold futures on the COMEX division of the New York Mercantile Exchange rose on Monday, as investors retreated from purchasing assets perceived as risky, like global stocks.

The most active gold contract for December delivery rose 4.70 dollars, or 0.37 percent, to settle at 1278.90 dollars per ounce.

Stock markets took a step down as uncertainty over a U.S. tax reform deal pushed them further away from recent record highs.

As for other precious metals, silver for December delivery added 17.6 cents, or 1.04 percent, to close at 17.047 dollars per ounce. Platinum for next January went up 3.50 dollars, or 0.38 percent, to settle at 935.60 dollars per ounce.

(www.chinaview.cn 2017-11-14)