Gold Down Two Percent as Safe-Haven Lure Fades

Reuters reported that gold prices were down on lower demand for an investment haven.

The market news is quoted as saying:

Gold, which hit record highs above $1,920 an ounce just two weeks ago, fell below the psychological level of $1,800. Some fund managers and analysts were thinking prices may need to dip to below $1,700 for the market to rally again.

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