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Gold rebounds

Published November 16, 2008
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NEW YORK, Nov 15: Gold futures ended more than 5 per cent higher on Friday as heavy buying by funds triggered buy stops ahead of the Group of 20 summit meeting, which could set a positive tone for the bullion market.

US gold futures for Dec delivery settled up $37.50, or 5.3 per cent, to $742.50 an ounce on the COMEX division of the New York Mercantile Exchange.Gold jumped after the start of COMEX trading, said Tom Kendall.—Reuters

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