Spot gold prices rose by 0.2 percent, to close at $1255.5/oz, while MCX gold prices surged by 0.6 percent to close at Rs.28862 per 10 gms. Prices closed at the highest level in Mar’17 on Tuesday as uncertainty regarding the upcoming meeting between President Donald Trump and Chinese President Xi Jinping later this week attracted investors towards safe haven. Last week as well, gold prices were higher as uncertainty surrounding the impact of Britain's departure from the European Union and upcoming French elections offered support.
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