Gold for February delivery was adding $10 to $1,656.30 an ounce at the Comex division of the New York Mercantile Exchange. The gold price traded as high as $1,659.80 and as low as $1,646.80 an ounce, while the spot price was improving $7.80, according to Kitco's gold index.
"The move up today looks like it's just a reaction from some news that imports for China and Hong Kong doubled in November, so obviously China's still buying quite a bit of gold even though they're still producing a lot of it themselves," said Chuck Butler, president of world markets at EverBank.
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