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Gold futures rose for the first time in three days as the European Central Bank was said to be planning to announce measures to bolster lending, reviving demand for the precious metal as an inflation hedge.
Steps being considered include loosening collateral standards to give institutions more access to cheap ECB cash and offering them longer-term loans to aid the flow of credit to the economy, said three European officials, who spoke on condition of anonymity because the discussions are private. Two said an interest-rate cut is likely. Earlier, the metal fell as much as 0.5 percent.
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