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Gold extended its recovery and rose on Thursday for the fourth consecutive session, as the dollar and U.S. bond yields declined following weaker than expected economic data. Spot gold hit $1,150.26 an ounce, its highest since December 14, and was up 1.1 percent at $1,155.54. U.S. gold futures rose 1.3 percent to $1,156.60 an ounce.

However, growing market expectations of further rate-hike action by the US Federal Reserve in 2017 may limit any near-term sharp appreciation for the Gold.

Gold fell more than 8 percent in November as U.S. Treasury yields rose after Donald Trump's election led to speculation his commitment to infrastructure spending would spur growth.

December 29aur page 001

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