NY gold closes higher, eyes on US payrolls report

Newswire

NEW YORK, March 31 (Reuters) - U.S. gold futures reached a nine-day high on a closing basis Thursday on trade and fund buying, as the market shrugged off news of European Central Bank gold sales and possible near-term IMF gold sales. Much of the buying was funds unwinding recent bets that prices would sink amid a resurgent dollar, said trading sources, who also noted a mixture of trade buying and light fund selling. Benchmark June delivery gold on the New York Mercantile Exchange's COMEX ...

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