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Gold Skirts Two-Week Low, Investors Turn Focus Elsewhere
Reuters reported that gold hit a two-week low on Friday, as fewer investors were seeking safe haven in the investment.
As quoted in the market report:
Concerns over the stability of the bloc’s financial sector had supported demand for gold as a haven from risk. On Friday its failure to rise along with a stronger euro and gains in equities, which have typically boosted prices in the past year, exacerbated investors’ lack of confidence, traders said.
