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Metals Stocks: Gold nears best level in a month as global market jitters persist

Haven gold pushed higher again Monday, within striking distance of its best level in a month, as financial markets kept attention fixed on global growth fears and as a recessionary alarm persisted in the bond market.

Bonds were in consolidation mode Monday after Friday’s action marked the first U.S. Treasury yield curve inversion since 2007, but concerns around this oft-referenced recession signal lingered. As such, U.S. stocks were indicating a mildly lower open.

In early trading, gold for April delivery GCJ9, +0.55% on Comex rose $3.90, or 0.3%, at $1,316.10 an ounce. It settled Friday at $1,312.30, the highest finish for a most-active contract since Feb.

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