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Gold Swings as Investors Weigh China Data, U.S. Stimulus Outlook

Gold swung between gains and losses as investors weighed China’s economic data that trailed forecasts against speculation the Federal Reserve will curb stimulus as the U.S. economy improves.

Spot bullion traded at $1,381.25 an ounce as of 3:27 p.m. Singapore time, after swinging between gains and losses of at least 0.2 percent. Prices ended down 2.2 percent on June 7, the worst close since May 15, after data showed U.S. employers took on 175,000 workers in May, beating the 163,000 median estimate in a Bloomberg survey.