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Gold settles higher as USD weakens

Gold settles higher as USD weakens

Mubasher: Gold prices rose on Wednesday for the first time in three sessions.

Data showed that inflation in the United States remained flat in November, leading to a decline by the US dollar against major currencies.

Gold futures for February delivery rose by $2.80, or 0.2%, to settle at the level of $1,250 per ounce.

Silver futures for March delivery also increased by 1.5% to $14.851 an ounce.