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Gold pares losses in Asia

old pared early losses on Tuesday as jewellers and speculators looked for bargains, but the metal was under downward pressure after US stocks gained ahead of an earnings season that is expected to show modest growth. Gold fell to as low as $1,569.94 an ounce and stood at $1,576.00 by 0628 GMT, up $2.91. US gold for June delivery was at $1,576.10 an ounce, up $3.60. 

Copyright Reuters, 2013

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