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Gold rebounds slightly from 5-year low

But market vulnerable to further slippage, possibly towards US$1,000 per ounce

Gold has fallen 6.5 per cent this year on expectations the Federal Reserve will raise interest rates, curbing demand for bullion that generally offers returns only through price gains.


GOLD advanced for the first time in seven days as a technical indicator showed the plunge to a five-year low on Monday may have been excessive. Other precious metals gained.

Bullion for immediate delivery rose one per cent to US$1,106.96 an ounce by 12.24 pm in London,