Gold Market Update

Gold prices strengthened Thursday to reclaim the key $1,300 mark after the European Central Bank announced a full-blown stimulus plan.

Gold for February delivery GCG5, -0.27% rose $7, or 0.5%, to settle at $1,300.70 an ounce while March silver futures SIH5, -0.30% advanced 17 cents to $18.36 an ounce in electronic trading.

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