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Market Chatter: Gold Rises on Inflation Concerns, Physical Metal Demand

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"Gold futures rose, heading for the second straight weekly gain, as demand increased for a hedge against inflation and physical metal," Bloomberg reported.

It said: "The U.S. consumer-price index rose more than projected in February after gasoline prices surged, a government report showed today. Physical demand remains robust, mainly from the Far East, Afshin Nabavi, a senior vice president at MKS SA, a metal refiner in Geneva, said in a telephone interview."

"Gold futures for April delivery rose 0.2% to $1,594.50 an ounce on the Comex in New York. The price has climbed 1.1% this week and is down 5.1% this year."

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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