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As reported in the Indian Express on May 24, 2013:

gold prices

Gold price at 4-year low

Gold prices edged lower on Friday as the dollar and equities regained momentum after a volatile trading session the day before, and as holdings in bullion-backed exchange-traded funds fell to fresh four-year lows.

FUNDAMENTALS

* Spot gold prices fell 0.17 percent to $1,388.36 an ounce by 0030 GMT, not far off two-year lows of $1,321.35 seen in mid-April.
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