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Spot Gold Firmer; Oil, USD Boost Sentiment

Forex News Spot gold on firmer note than last week as combination of geopolitics, weather boost crude oil prices, dent dollar, says Kitco analyst Jon Nadler; notes positive reports of gold jewelry demand in Dubai surging 18% last month on lower prices. "The range for the moment is within the $955-$975/oz channel, but we would keep an eye on bank earnings reports and on the Weather Channel to stay one step ahead of the dollar and oil as the next few days unfold." Adds likely little fresh news on Iran after Geneva talks at weekend centering on nuclear ambitions. Iran has 2-week window to respond to high level talks. Spot gold at $966.20, up 40 cents vs NY close.



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