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Gold Prices Retreat to Lowest Levels Since Election (Update 1)

The bank lowered its forecast for three-, six-- and 12-month Comex gold prices to $1,825, $1,805 and $1,800 an ounce, respectively, from $1,840, $1,940 and $1,940 an ounce.

Gold mining stocks were mostly lower Wednesday. Shares of Eldorado Gold (EGO - Get Report) were falling 3.7%, and shares of Kinross Gold (KGC - Get Report) were off 2.6%.

Among volume leaders, Barrick Gold (ABX) was lowering 1.6%, as Gold Fields (GFI - Get Report) was down 1.9%.

Gold ETF SPDR Gold Trust (GLD) was decreasing 0.24%, while iShares Gold Trust (IAU) was slipping 0.25%.

-- Written by Joe Deaux in New York.

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EGO $4.93 0.00%
GFI $4.02 0.00%
GLD $115.60 0.00%
IAU $11.64 0.00%
KGC $2.28 0.00%


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