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Gold heads for worst quarter since at least 1968 as demand ebbs

Posted on 26 June 2013

Gold fell for a third day, heading for the biggest quarterly loss in more than 40 years, as U.S. economic data beat estimates, backing the case for reduced stimulus from the Federal Reserve as the dollar strengthened.
Cash bullion declined as much as 0.3 percent to $1,273.76 an ounce, and traded at $1,275.46 at 8:43 a.m. in Singapore. The metal dropped to $1,269.46 on June 21, the cheapest since September 2010. It’s lost 20.2 percent since the start of April, the biggest drop in quarterly data compiled by Bloomberg since 1968, when bullion traded at about $40………………………………………..Full Article: Source


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