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U.S gold futures rebound 1 percent after drop

by FP Staff  Apr 24, 2013 08:02 IST

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SINGAPORE (Reuters) - U.S. gold futures for June delivery gained more than 1 percent to a session high of $1,424.5 an ounce on Wednesday after a drop in the previous session triggered bargain hunting.

But the precious metal was still under pressure from a firm U.S. dollar and daily falls in exchange-traded funds holdings.

(Reporting by Lewa Pardomuan; Editing by Richard Pullin)