Gold Price Drops, QE3 Debate Intensifies

GOLD PRICE NEWS � The gold price dropped $9.74 to $1,479.52 Tuesday amid further selling pressure in precious metals.� Silver continued to slide alongside the gold price, falling $0.26, or 0.8%, to $33.37 per ounce.� A rebound in the U.S. dollar against most of its foreign counterparts helped pressure the price of gold and silver, which are now lower this month by 5.4% and 30.4%, respectively.

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