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Gold Falls US$20


Gold declines in Value by $20: There were no fundamentals related to the selling of gold, but gold dropped in price by US$20 an ounce to below $US550 in its biggest one-day decline in two years. Technically there could be more selling ahead as the bears take hold of the market. Support may be found once frech buying from gold believers set in. The gold price movement has consequences on the forex markets with the USD/CAD and AUD/USD are easily influenced by gold movements.

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