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Updated 09:44:32 UST, 17 May 2012

Gold rises as France refutes EU pact, Portuguese contingency rumored, Chinese demand

By Adrian Ash
Gold price jumped at the start of New York trade on Thursday, cutting the week's previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again.

The gold price touched $1558 per ounce before easing $3 lower. Silver did not follow, failing to break this morning's…

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