Gold hits 11-week high, briefly tops $1,400

Gold was trading near 11-week highs on Monday after briefly breaking above the $1,400 mark, buoyed by weak US data and inflows into the world’s biggest bullion-backed exchange traded fund. 

The precious metal jumped in early Asian trading to $1,406.01 – its highest since June 7 – running on from a rally on Friday and supported by political tensions in Syria, before giving back some gains. 

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