Gold rebounds after heavy loss; Asia rushes to buy
2/6/2012 11:36:20 AM
SINGAPORE: Spot goldrebounded on Monday as Asian buyers rushed to snatch bargains after better-than-expected U.S. jobs data helped prices fall nearly 2 percent in the previous session, but the uncertain global economic outlook remains supportive of bullion.
Spot gold gained 0.6 percent to $1,736.05 an ounce by 0307 GMT, after posting its biggest one-day drop in more than a month.
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