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Gold traders were hit hard Friday as the continued flight to cash led market participants to liquidate their bullion holdings.
Contracts for April delivery of gold dropped $21 to close at $644.10 an ounce on the Comex division of the New York Mercantile Exchange. The PowerShares DB Gold(DGL Quote) exchange-traded fund was sharply lower also, off more than 3% recently.
The bullion holding ETFs, iShares Comex Gold Trust (IAU Quote) and streetTracks Gold Shares (GLD Quote), were both lower by 3.3%. ...
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| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
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