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Jewelry Makers Prop Up Gold

Stock quotes in this article: AKS , AA , AL , IAU , GLD , HMY  

Updated from 1:06 p.m. EST

Gold futures advanced Thursday as seasonal demand from jewelry makers provided support for higher prices.

April-dated bullion contracts added $5.50 to close at $662.80 an ounce on the Comex division of the New York Mercantile Exchange. The PowerShares DB Gold(DGL Quote) exchange-traded fund was higher by 1.4%.

The ETFs that hold inventories of bullion, iShares Comex Gold Trust (IAU Quote) and streetTracks Gold Shares (GLD Quote), each were up about 1.4%. ...

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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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