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Gold Rises as Weak Economic Data Disappoints

Gold futures surged more than 16% this year amid global market volatility

By

Gold rose Monday as U.S. economic data disappointed investors and China announced further stimulus measures intended to revive its flagging growth rate, burnishing the safe-haven luster of precious metals.

Gold futures settled 1.1% higher at $1,234.40 a troy ounce on the New York Mercantile Exchange. Gold futures have surged more than 16% this year amid global financial market volatility and concerns that growth is slowing around the...

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