Gold fell on Tuesday, extending losses seen in the previous session after China set a slower economic growth target for the year, but hopes that cheaper bullion would prompt a pickup in purchases reined in losses. Gold eased 0.3 percent to $1,700.91 an ounce by 0750 GMT, recovering from an intraday low around $1,698.
It fell 1 percent on Monday after China cut its 2012 growth target to an eight-year low of 7.5 percent. US gold for April delivery slipped 0.12 percent to $1,701.80 an ounce.
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