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Bengaluru — Gold rose more than 1% on Monday, recouping losses from a steep slide in the previous session, amid the fast-spreading coronavirus and hopes for a rate cut by the US Fed.

Spot gold gained 0.9% to $1,599.15 per ounce as of 6.01am, having risen more than 1% earlier in the session. US gold futures rose 2.2% to $1,601.20. Gold plunged more than 4.5% on Friday, with precious metals joining a broader market sell-off as investors liquidated positions to meet margin calls in other assets...

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