Amid a volatile environment, during the first quarter of 2012, gold prices rose ~8.6 percent, from the beginning of the quarter, to reach US$1,662.50/oz by the end of the quarter. While the average quarterly price, of US$1,690.57/oz, increased marginally (by 0.2 percent) over the last quarter of 2011, it was up 22 percent on y-o-y basis.
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