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MW:Gold futures jump, extending rebound
 
By V. Phani Kumar
NEW YORK (MarketWatch) -- Gold futures jumped early Monday to extend Friday's rebound and in line with broad advances in the commodities complex. The precious metal's futures for delivery in December GC1Z +1.46% added $26, or 1.6%, to $1,662.10 an ounce. The advance came after Citigroup raised its price forecasts for the metal for 2012 and 2013, citing expectations that the macroeconomic uncertainty that has boosted prices in the past three years will continue for the next 12 to 18 months.
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