Gold Market Update

Gold gained on Wednesday to close above $1,200 as tepid U.S. data and higher oil prices revived buying interest.

Gold for February delivery GCG5, -0.17%  rose $9.30, or 0.8%, to settle at $1,208.70 an ounce. March silver SIH5, +0.17% was off 4 cents at $16.41 an ounce.

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