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Safe haven status gone, gold tests $1,600 after four straight days of losses

Frik Els | October 20, 2011 | 7:23 pm Base Metals Precious Metals Europe Gold Platinum Silver 

Gold for December delivery had shed $40 or more than 2% by lunchtime coming close to breaching the $1,600/oz level in New York before before regaining some ground to trade at $1,618 an ounce by early afternoon. Traders said the...

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