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Gold to lowest since last nearly 3 years

Gold and Silver price dropped to their lowest in nearly 3 years. This tumble was due to yesterday's USA data which was better than expected. A fear that Federal Reserve would tight monetary policy has made US $ strong against all major currencies.


On COMEX, gold slipped below $1230. Silver did low  18.47.


Analysts believe that in near future gold may touch $ 1100 and Indian rupees will be 62 per US $.

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