Gold hits seven-week high

DECLINING bond yields pushed gold to its highest level since late February.

Gold hits seven-week high Gold hits seven-week high Gold hits seven-week high Gold hits seven-week high Gold hits seven-week high

Reports of Chinese bank interest also helped gold's cause.

The price rose to US$1780 an ounce.

Futures rose as high as $1784.70 on Friday night.

Spot gold last traded at A$2299/oz.

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