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Metals Stocks: Gold firms, platinum surges on China’s renewed infrastructure pledge, North Korean test

Gold gained Monday, trying for its fourth-straight winning session, and platinum, copper and silver advanced sharply, finding traction after weekend comments from the Chinese leadership about a boost in infrastructure projects and more show of nuclear strength from North Korea.

A weaker-than-expected reading for a regional U.S. manufacturing measure gave gold prices an added push as the data added to other recent reports showing some economic vulnerability.

Gold for June GCM7, +0.68% rose by $8.30, or 0.7%, to $1,236.10 an ounce. A finish at this level would mark the highest for the yellow metal in nearly two weeks. Gold finished last week less than 0.1% higher after posting losses over the previous two weeks when investors pushed in to riskier assets away from haven gold.

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