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Bengaluru — Gold rose more than 1.5% on Monday, recovering from its biggest one-day decline in nearly seven years, on the potential for interest rate cuts by the US Federal Reserve to soften the economic effect from the coronavirus outbreak.

Spot gold was up 1.5% at $1,608.13/oz at 10.50am GMT and US gold futures rose 2.7% to $1,609.60...

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