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Spot Gold firm near 3-month highs, growth concerns support prices

  •  At 10.15 AM GMT, spot gold was trading at $1323.60 an ounce, unchanged from the previous session’s close.
  •  Holdings of SPDR Gold Trust surged 2.2 percent on Monday, registering the biggest single day gain in almost 3 years.

Spot gold remained firm on Tuesday after slipping from the February 27th highs earlier in the session, even as global growth concerns led by trade conflicts continue to lend support to the precious metal. A fall in the global equity markets and a possible rate cut by the Fed were all driving investors into safe haven assets, pushing prices higher.