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Saturday, 14 June 2014 - 11:22
Gold rises as Iraqi conflict escalates
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Gold consolidated near a two-week high today and is set for the first back-to-back weekly advance since April, as concerns that a U.S. recovery may be stalling and geopolitical risks in the Middle East led to safe haven demand.

Gold is 1.6% higher this week, after rising 0.3% last week.

In the physical gold market, premiums on gold bars are quoted at 80 cents to $1.20 an ounce in Singapore and Hong Kong.
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