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Gold and silver claw back losses after Friday’s stellar jobs report ignited concerns over tighter Fed policy and unleashed a ‘flash crash’

FILE PHOTO: Gold bullion is displayed at Hatton Garden Metals precious metal dealers in London, Britain July 21, 2015. REUTERS/Neil Hall

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Gold and silver prices on Monday recovered slightly from a sharp slide at the start of Asian trading, but were weighed down by rising expectations that the US Federal Reserve will cut back on its bond buying sooner than expected.

Spot gold prices declined 4% to $1,707 per ounce late Sunday, while spot silver prices dropped 9% from $24.34 to $22.10 an ounce.

Both metals are paring losses after the “flash crash”. Gold was trading at $1,748 per ounce at 4:55 a.m. ET Monday, down 0.8% on the day and at its lowest level since details ⇒

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