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Gold price on decline for fourth week

Posted by FarazUddin
LONDON: The gold price in the world market continuously plunging for the fourth week, as the precious metal lost 2.9 percent to settle at $1,052.80.

The rally of the US dollar has curbed the sentiments for gold reining in demand for the metal, analysts said. The price of gold can further goes down by 20 to 40 dollars, they added.

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