Entrance-month gold futures rose 1.1% to $2,658.90 an oz, the most important rise in nearly two weeks and the very best shut in three weeks.
The bounce comes as fund merchants dumped gold, closing out almost 20,000 contracts and placing web lengthy positions at their lowest degree in six months, the CFTC mentioned in its Friday report.
SPDR Gold shares are up 1.2% in afternoon buying and selling.
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