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Gold recovers but growth 'limited'

Tuesday 7th of May 2013

The precious metal had its biggest drop since 1983 in the middle of April, dropping 9% overnight to US$1361.10 an ounce, the lowest price since February 2011.

It has since recovered about half of that drop.

Paul Brownsey, of Pathfinder, which has a commodity fund with just under 1% invested in gold, said gold had been a bear market since September 2011.

Gold is now 23% chea...

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