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Gold off lows on bargain hunting; hovers below $1 260
Gold rebounded from lows on Thursday as bargain hunters resurfaced after prices struggled to revisit a lifetime high set in June, although firmer equities were likely to cap gains. Asian stocks edged up to track a small rally on Wall Street, while the euro gained after successful European bond auctions gave investors an excuse to lighten up on their bets, but worries about financial stability in Europe lingered.

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