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Gold jumps on soft US data

GOLD was tracking back towards US$1280 an ounce this morning after US growth data released on Friday missed estimates.

Kristie Batten
Gold jumps on soft US data

US gross domestic product for the June quarter came in at 2.6%, slightly below consensus, and stocks were flat. The news, along with positive data on Chinese gold purchases, pushed gold back over $1270/oz....

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