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Gold edges down on firmer dollar

Posted on 19 December 2008

From Reuters: Cash gold edged down on Friday, extending losses the previous day as the dollar gained some ground against other major currencies after a sell-off on the latest U.S. interest rate cut.

The dollar extended gains versus the yen in early Asian hours on Friday, underpinned by expectations that the Bank of Japan (BOJ) will lower interest rates later in the day…. Full Article: Source


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