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Gold set for monthly gain on economic woes, softer dollar

Gold prices were poised for a second monthly gain on Friday as lingering economic concerns and an overall weakness in the dollar drove investors to the safe-haven asset, with markets now focused on the U.S. Federal Reserve's meeting due next month.

China s factory activity likely grew at slower pace in April: Reuters poll

China's factory activity likely expanded at a slower pace in April, a Reuters poll showed on Friday, pointing to the strains on the manufacturing sector from weak global demand and a slow recovery in the long-depressed domestic property industry.

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