Saturday, 2 April 2011
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Gold Prices Drop Most in Two Weeks on Bets Fed to Tighten Monetary Policy
Gold declined the most in two weeks on speculation that the Federal Reserve will tighten U.S. monetary policy, curbing demand for the precious metals as alternative investments. U.S. employers added more jobs than forecast in March and the unemployment rateunexpectedly declined to a two-year low, a government report showed today. The improving economy encouraged Fed policy makers last month to
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