Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich March 3, 2014. (REUTERS/Michael Dalder)
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Spot gold hit its highest since Sept. 9 at $1,391.76 an ounce in earlier trade but was at $1,380.85, down 0.1 percent, in the afternoon, as equity markets regained some strength.U.S. gold futures rose to a near six-month high of $1,392.60 an ounce and were later up 0.1 percent at $1,381.40 . Bullion has gained 15 percent this year and was headed for its biggest quarterly rise in 27 years, as mounting geopolitical tensions and fears over slowing economic growth spurred demand for the metal as an insurance against risk.Holdings in SPDR Gold Trust, the world's largest gold-backed ETF, rose 3.29 tons to 816.59 tons Friday.Platinum was up by 0.4 percent at $1,467.50 an ounce, while palladium rose by 0.6 percent to $771.25 an ounce.
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