Gains in gold prices accelerated after the metal broke above key technical resistance at $1,260 an ounce, a level where it had repeatedly failed. The U.S. dollar’s tumble following a strong manufacturing report in the euro zone also lifted gold prices to the highest level in nearly two months. Plus, bullion investor sentiment received a boost after manufacturing data in China, the world’s second-largest economy, showed a mild slowdown at the end of 2013 and into the new year.
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