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Gold hovers near 4-1/2 month high, Fed eyed

August 24, 2012 Comments Off on Gold hovers near 4-1/2 month high, Fed eyed

August 24, 2012, 7:50 am

By Rujun Shen
SINGAPORE (Reuters) – Gold hovered near a 4-1/2 month high on Friday, poised for its biggest weekly rise in more than two months, as investors pondered the possibility of imminent bond buying by the U.S. Federal Reserve.

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