Gold edged higher on Monday, recovering from a near 2-percent slide in the previous session, as weak U.S. data hurt the dollar and strengthened hopes the Federal Reserve would stick to its bullion-friendly stimulus program.
Gold fell more than 6 percent in May amid concerns the Fed could slow its monthly bond purchases as the U.S. economy shows signs of improvement. But a flurry of disappointing U.S. data including Friday's report on a decline in U.S. consumer spending weakened arguments for a near-term tapering of the central bank's bond-buying stimulus.
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