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Short-Covering Boosts Gold

Stock quotes in this article: GLD , IAU , FCX , PD , KGC  

Updated from 2:06 p.m. EST

Gold prices in New York rose Friday, with geopolitical tensions and short-covering providing the catalysts.

February-dated bullion contracts rallied $13 to close at $626.90 an ounce on the Comex division of the New York Mercantile Exchange. The exchange-traded funds that own bars of gold were up also.

streetTracks Gold Shares (GLD Quote) gained 2.3%, and iShares Comex Gold Trust(IAU Quote) was ahead by 2.2%. ...

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Dow Jones S&P 500 NASDAQ 10-Year Note
10,309.92 1,091.49 2,138.44 32.31
Oil *
77.12
DOWN
154.48
DOWN
19.14
DOWN
37.61
DOWN
0.48
10 Yr
3.23%
SPDR Gold
115.06
-1.48%
-1.72%
-1.73%
-1.46%
Data delayed 20 minutes

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