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PRECIOUS-Gold gains 1 pct after sharp slide on U.S. GDP data

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* Gold climbs as much as 1.6 percent * Bullion down 26 percent for the year * Asian shares gain, dollar falls (Adds trader's quotes, updates prices) By A. Ananthalakshmi SINGAPORE, June 27 (Reuters) - Gold edged higher on Thursday after tumbling 12 percent over the past 8 sessions, as soft data on U.S. economic growth eased fears of a quick end to the Federal Reserve's monetary stimulus. Bullion was still not far off Wednesday's near three-year low, with its safe-haven appeal severely dented since Fed...

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