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    gold investing

    Gold Sees Second-Largest Weekly Decline in 2012

    Charlotte McLeod
    Jun. 22, 2012 02:33PM PST
    Precious Metals

    Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.

    Reuters reported that frustration with the Fed’s decision to extend Operation Twist caused gold to drop nearly 4 percent this week.

    As quoted in the market news:

    Spot gold was up 0.2 percent at $1,568.70 an ounce by 2:59 PM EDT (1859 GMT), just $5 above the closing price of $1,563.80 for 2011.

    The metal noted a 3.5 percent this week for its second-largest weekly decline of the year.

    Click here to read the full Reuters report.

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