Gold Climbs Higher in Early London Trade, Support at $680/oz

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Standard Bank London said in a morning report that the outlook for gold was still biased toward higher prices, and support was expected to hold at the previous resistance level of $680/oz.

Gold was indicated higher in morning trade Monday, with Friday's strength flowing over into Japanese trade and in turn providing impetus for a climb higher in the London morning.

Spot bullion was at $687.50-688.00/oz at 0846 GMT Monday up from its late New York spot price on Friday of $684.80/oz and higher still from its London afternoon fix of $681.75/oz.

Standard Bank London said in a morning report that the outlook for gold was still biased toward higher prices, and support was expected to hold at the previous resistance level of $680/oz.

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