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Gold settles higher after China cuts reserve ratio

Thursday 5 February 2015



Gold and other metals prices settled higher on Wednesday, getting a boost from the Chinese central bank’s decision to cut the reserve-requirement ratio for banks in an aim to boost growth.

Gold for April delivery GCJ5, +0.59%  added $4.20, or 0.3%, to settle at $1,264.50 an ounce after falling by more than $16 on Tuesday. 

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