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Gold continued to climb overnight, with the April contract in New York jumping 1.6% to US$1239.60 an ounce.
Not even disappointment with the latest moves by the Indian government to curb the country’s insatiable demand for the metal could dampen spirits.
The metal is up around 15% so far in 2016.
Highlighting demand, assets in SPDR Gold Trust climbed to 762.41 tonnes on Friday.
This is the highest level in 12-months.
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