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Gold rises 1% on US GDP data after sharp slide

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SINGAPORE — Gold edged higher on Thursday after tumbling 12% over the past eight sessions, as soft data on US 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 chairman Ben Bernanke laid out a strategy last week to wind down the central bank’s...

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