Tuesday, 17 May 2011
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Gold Futures Slip to $1,480, Dollar Firm
Gold futures, per the COMEX June contract, slipped $10.60, or 0.7%, to settle at $1,480 per ounce on Tuesday amid widespread weakness in commodities. COMEX gold futures tumbled from over $1,490 to an intra-day low of $1,471.10 in mid-day trading, but pared their losses this afternoon. Gold and the broader commodities complex came under selling pressure as the U.S. dollar held firm against a
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