Prices rose by as much as 1.2% earlier in the session to hit a daily high of USD1,695.35 a troy ounce, the strongest level since December 18.
Gold prices Likely test near-term resistance at USD1,704.35
Elsewhere on the Comex, silver for March delivery soared 3.9% to trade at USD31.40 a troy ounce, while copper for March delivery rallied 2.75% to trade at USD3.753 a pound.
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