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US gold falls 1 pct as dollar rise triggers sales

By · May 26, 2009 · 11:29 am · Leave a Comment

 

NEW YORK, May 26 (Reuters) – U.S. gold futures fell 1 percent on Tuesday as a stronger dollar and better economic sentiment prompted a bout of profit taking following last week’s solid gains.

GOLD

* Gold for June delivery GCM9 down $11.20, or 1.2 percent, at $947.70 an ounce at 10:28 a.m. EDT (1428 GMT) on the COMEX division of the New York Mercantile Exchange.

* Ranged from $936.60 to $960.10.

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