12.10 PM: Gold prices hit a six-month high

Gold prices hit a six-month high as concerns over global growth and a partial government shutdown in the United States fuelled risk aversion, prompting investors to seek refuge in the metal.

US gold futures were up 0.46 percent at $1,277.60 per ounce.

Asian equities were shaky following a Christmas eve US stocks plunge. Wall Street has dropped sharply in recent weeks on concerns over weaker economic growth, compounded by political instability in the United States after a partial government shutdown. (Source: Reuters)

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