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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Gold prices extend slide as haven appeal dissipates

Posted on 04 April 2013

Gold prices fell on Wednesday, extending the previous day’s sharp slide, as the metal’s appeal as a haven from risk was hurt by speculation the U.S. economic recovery is gaining traction and a retreat in concerns over Cyprus.
Gold slid 1.4 percent on Tuesday, its biggest one-day drop since February 20, as U.S. stocks rallied towards record highs. Firmer appetite for assets seen as higher risk, like equities, dented interest in safe-haven bullion………………………………………..Full Article: Source


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