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March 15, 2012 at 17:50 PM EDT
Gold And Silver To Revisit December Lows: Analyst
Investing in gold lost its luster this week. The dollar strengthened. Interest rates rose to a four-month high. An upbeat Federal Reserve report eroded expectations of more quantitative easing. And investor appetite grew for riskier assets like stocks. SPDR Gold Trust (GLD) fell 2.4% this week going into Friday as it kissed a two-month low. In the futures market, the price of gold per ounce fell 2.6% this week to $1,644.25 an ounce in London.
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