Gold hits three-week high

Strong consumer demand from China spurs on precious metals' futures.

Gold and silver futures have climbed as data showing strong demand from top consumer China spurred investors who had bet on lower prices to close out those bets.

The most actively traded contract, for December delivery, rose $US22 ($A23.87), or 1.7%, to settle at $US1,334.20 a troy ounce on the Comex division of the New York Mercantile Exchange, a three-week high.

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