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Gold Extends Early Losses To Double-Digits

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Live 24 hours gold chart [Kitco Inc.]

(Kitco News) - Gold prices have moved to double-digit losses in late-morning trading Friday, on profit taking from the shorter-term futures traders after prices earlier this week hit a six-year high. Rallying U.S. stock indexes amid better trader and investor risk appetite to end the trading week is also a negative for the safe-haven gold and silver markets. Still, not a bad week at all for the gold market bulls. December gold was last down $12.70 at $1,518.50.

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