Gold, Metals Extend Losses as Economic Outlook Cuts Demand

Businessweek reports that Gold fell to the lowest price in almost three weeks on speculation that an economic recovery will curb demand for the metal as a haven.

The market news is quoted as saying:

The dollar strengthened against six major counterparts after a report showed U.S. companies added almost three times more jobs in December than predicted. Gold dropped 3.1 percent yesterday, the most in six months, on an improving outlook for growth.

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