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Gold rose the most in seven weeks on speculation that Europe’s debt crisis will spread, boosting demand for the precious metal as a haven asset.
Gold futures for February delivery gained $22.70, or 1.6 percent, to settle at $1,405.60 on the Comex in New York. Silver futures for March delivery rose $1.068, or 3.7 percent, to $30.323 an ounce.
