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DG365FD46564GFH654FU898 Gold futures extended their losses and the U.S. dollar rebounded against a basket of foreign currencies after Wednesday afternoon’s release of the latest Fed Beige Book. COMEX gold futures – per the December 2011 contract – settled lower by $5.80, or 0.4%, at $1,647.00 per ounce. However, in electronic trading following the COMEX close the yellow metal dropped to $1,641.00 per ounce. Gold ’s sell-off coincided with a rebound in the U.S. Dollar Index (DXY), which recaptured the large majority of its earlier losses to trade down by just 0.1% at 77.091 this afternoon.
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