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Will Asia’s gold bugs come to the metal's rescue?

From cnbc.com

While Asian consumers have been an important force in the gold market, helping to offset the blow from heavy bullion-backed exchange traded fund (ETF) selling this year, they may not rescue the precious metal from its steep drop this time around, say analysts. Gold prices fell over 2 percent on Thursday, breaking through the key psychological level of $1,200 an ounce as speculation about the Federal Reserve scaling back stimulus further heightened deflation fears. Spot gold was last quoted up 0.3 percent at $1,193 in the Asian trading session. "We have seen gold prices being supported at current levels ... (full story)

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