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Gold in Asia Trades Near Highest in 15 Months as Dollar Declines

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Gold Tops $1,300 an Ounce: Bullish or Cautious?

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Gold held near its highest in about 15 months in Asian trading as the dollar reached the lowest level in almost a year. Palladium touched the highest since November.

Bullion for immediate delivery was little changed at $1,292.65 at 4:24 p.m. in Melbourne, according to Bloomberg generic pricing. The metal closed Friday at the highest since Jan 23, 2015. Gold futures for June delivery advanced Monday as much as 0.6 percent to $1,298.50 an ounce on the Comex in New York.