April 9, 2014

Gold was trading near its highest in two weeks on Wednesday, bolstered by signs of increasing demand in China and as rising tensions over Ukraine burnished its safe-haven appeal.

But investors continued to pull money out of gold-backed exchange-traded funds, raising the risk that price gains could be short lived.

Spot gold had risen 0.2 percent to $1,311.10 an ounce by 0646 GMT, after gaining 0.9 percent in the previous session. The metal hit a two-week high of $1,314.43 on Tuesday.

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