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15-Dec2012

Gold futures slides over U.S fiscal crisis

Gold futures down by $1,700 an ounce for a third week on Friday, hampered by thin holiday season trading and uncertainties over stalled U.S. budget negotiations.

Gold futures for February delivery settled at $1,697 an ounce, on the New York Mercantile Exchange. While spot gold was at $1,696.11 an ounce.


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