Gold jumps with increased hopes for QE3

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Gold futures on the COMEX division of the New York Mercantile Exchange rallied to end a four- session losing streak Thursday, as disappointing U.S. manufacturing data stirred traders' hopes for another round of quantitative easing from the U.S. Federal Reserve.

The most active gold contract for June delivery soared 38.3 dollars, or 2.49 percent, to settle at 1,574.9 dollars per ounce.