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Gold heads for worst monthly run since 1997 as demand slumps

Posted on 28 February 2013

Gold headed for a fifth monthly decline in the longest run of losses since 1997 as investors reduced holdings by more than 100 metric tons on concern that U.S. stimulus may be curtailed as the economy recovers.
Spot gold was little changed at $1,597.50 an ounce at 9:18 a.m. in Singapore, down 4 percent in February. The metal reached $1,555.55 on Feb. 21, the lowest price since July, as some U.S. central bankers sought more flexibility on stimulus………………………………………..Full Article: Source


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