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Gold settles at lowest in three weeks

27 Oct News | Comments

SAN FRANCISCO (MarketWatch) — The combination of a rising dollar and foiled expectations of heftier quantitative easing proved poisonous for gold on Wednesday, with the metal for December delivery retreating $16, or 1.2%, to $1,322.60 an ounce. That’s gold’s lowest settlement since Oct 4. Most metals tracked gold, with December silver off 43 cents, or 1.8%, to $23.40 an ounce.

 

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