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PRECIOUS-Gold up 2 pct to $1360 as S&P 500 drops – Reuters

PRECIOUS-Gold up 2 pct to $ 1360 as S&P 500 drops
Reuters
After trading sharply lower earlier in the session, gold staged a $ 30 rally as the S&P 500 equities index tumbled 1.5 percent on disappointing results from Wal-Mart and Cisco. A barrage of automatic buy-stop orders were set off after gold accelerated

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