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Gold extends declines into 2nd day on stimulus worries
Gold extended declines into a second session on Wednesday as fears lingered that the Federal Reserve could curb its stimulus programme as the U.S. economy shows signs of recovery. FUNDAMENTALS * Spot gold had fallen 0.2 percent to $1,376.29 an ounce by 0022 GMT, after a 0.5 percent drop the day before as equity and commodity markets were rattled by the absence of fresh steps from the Bank of Japan to calm turbulence in the domestic bond market. * Bullion had fallen to its lowest in nearly three weeks on Tuesday before recovering some of the losses. * U.S. gold was little changed at $1,376.20. * A Standard & ... (full story)
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- Ill-b-back
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When the facts change I change my mind, what do you do sir
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