Gold price slips back below $1,500

The price of gold has fallen slightly this week after blasting through record highs of $1,500 per troy ounce last week. Gold has eased below the $1,500 mark to $1,497, partly because of light trading in the spot market due to yesterday's bank holiday. Silver has also pared back slightly, sitting at $47.48 per ounce. Gold hit $1,518.10 per troy ounce last week, spurred by Standard and Poor's

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