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Gold advance as optimism for stimulus increase

Gold advance on Monday as the prospect for a US monetary stimulus to aid the economy outweighs hope for a COVID-19 vaccine being made available next month.

Spot gold rose 0.2% to $1,873.51 per ounce by 05:10 GMT and US gold futures were little changed at $1,871.70.

US Treasury Secretary Steven Mnuchin on Friday said the Fed and Treasury have a lot of tools left to aid the economy. 

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