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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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