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Gold Retreats as Some Investors Sell to Cover Losses in Equity Markets
Sep. 12, 2011 01:10PM PST
Precious MetalsBloomberg reported that gold prices dropped as investors tried to recoup losses in equity markets by selling the precious metal.
Bloomberg reported that gold prices dropped as investors tried to recoup losses in equity markets by selling the precious metal.
The market news is quoted as saying:
Gold for December delivery fell $35.20, or 1.9 percent, to $1,824.30 an ounce by 12:13 p.m. on the Comex in New York. Immediate-delivery gold was 1.9 percent lower at $1,821.22 in London.
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