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Gold jumps the most in almost 10 months

By Steve Rothwell
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NEW YORK (AP) — Gold surged the most in 10 months Thursday after traders judged that a slump in the price of the precious metal was overdone.

June gold rose $38.30 an ounce, or 2.7 percent, to $1,462 an ounce, its biggest one-day gain since June 29.

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