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Gold price eases as drop in stocks sparks rush to cover losses

Posted on 13 September 2011

Gold fell on Monday as investors sold the metal after last week’s record highs to cover losses elsewhere, including European equity markets, which were pushed to two-year lows by growing fears about the debt crisis.
World shares hit one-month lows after Group of Seven officials failed over the weekend to come up with anything more than a stated commitment to help stimulate the global economy, and on fears that Greece may default on its debt obligations……………………………………….Full Article: Source


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