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Gold posts 5% monthly gain

FXStreet (Córdoba) - Gold prices ended Friday higher despite a stronger dollar, with the yellow metal posting a monthly gain in January helped by its safe-haven condition.

A strong risk-averse environment during the first weeks of the year, amid turmoil in Chinese markets, increased the appeal for safety and underpinned the metal off multi-year lows scored in December.

Gold closed Friday just above $1,116,0.18% higher on the day, posting a 1.64% weekly advance and a gain of over 5% for the month.

Colombia Interest rate up to 6% in January from previous 5.75%

Colombia Interest rate up to 6% in January from previous 5.75%
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Mixed Norwegian data keeps EUR/NOK elevated - UBS

Friday's multiple data releases from Norway failed to strengthen the NOK, which is still relying on market risk sentiment and oil prices for now. According to UBS analyst team, the data indicates that the Norwegian recovery story may take a bit longer than previously assumed. “We still see markets pricing EUR/NOK too high compared to fundamentals, but are also monitoring risks of a further delay of Norway's economic recovery.”
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