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Gold prices decline on dismal retail sales report

Posted on 15 January 2009

From AP: Gold prices fell for a third straight session Wednesday after a dismal retail sales report further raised investors’ concerns about a sharp drop in demand for a variety of commodities and raw materials.

While investors already knew that the holiday shopping season had been particularly weak, the Commerce Department said retail sales dropped 2.7 percent last month, more than double the decline analysts expected. …. Full Article: Source


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