International Business Times
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June 9, 2012 4:05 AM EST

Gold rebounded Friday after tumbling earlier, as pre-weekend short-covering and news of a possible bailout on troubled Spanish banks boosted bullion buying.

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Reuters
Gold Rebounds, Nears $1,590 On Short-covering, Spain

Spot gold was up 61 cents at $1,589.76 an ounce by 1:17 p.m. EDT (1717 GMT).

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Gold Rebounds, Nears $1,590 On Short-covering, Spain
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