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Metals Stocks: Gold ends day and quarter higher, but fails to retain grip on $1,300 mark

Gold prices on Friday finished higher, a day after posting the largest single-session percentage decline since Aug. 13.

June gold GCM9, +0.18% which is now the most-active contract, added $3.20, or 0.2%, at $1,298.50 an ounce, touching an intrasession high at $1,304.60.

For the first quarter of 2019, the precious metal rose by about 1.2%, but bullion posted a weekly decline of more than 1% and slipped by about 1.4% month to date, according to FactSet data.

Some industry experts say they viewed haven gold as an asset with further upside in months to come amid fears about slowing economic growth throughout the world and political drama like Britain’s attempts to sever its ties with Europe’s trade bloc as harboring benefits for bullion.

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