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Gold losses ground on taper speculation

Duncan Richardson, News Editor
23 Jan 2014, 4:37 p.m.

Gold retreated for the second consecutive day and settled 0.21% lower at $1,239.10 per ounce amid concerns the Federal Reserve will once again reduce their monthly asset program known as quantitative easing. The speculation has been fuelled by better than expected employment data and recent comments made by both the San Francisco and Philadelphia Fed presidents.

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