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Reuters reported that fears European countries will be downgraded caused gold prices to fall.
Reuters reported that fears European countries will be downgraded caused gold prices to fall.
As quoted in the market news:
Spot gold fell 0.9 percent to $1,705.70 an ounce by 1509 GMT, extending a 1.4 percent drop in the previous session. It earlier fell to its lowest level in nearly a week at $1,703.79 an ounce.
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