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Gold prices recover some losses

Gold prices benefitted from a weaker dollar and rebounded on Monday to recover some losses from Friday’s sharp drop. If gold is priced in USD, a weaker dollar makes it cheaper for holders of other currencies to buy gold. The two assets thus usually have an inverse price relationship. On Friday, US GDP came in much lower than expected, at 2.5 percent versus 3 percent forecast, and is this...

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April 29, 2013 @ 1:04 pm

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