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DG365FD46564GFH654FU898 Gold futures turned sharply lower Thursday morning after European Central Bank (ECB) President Mario Draghi backed off from earlier comments that the ECB would consider increasing the amount of bonds it would purchase to stem the tide of the sovereign debt crisis. COMEX gold for February 2012 delivery – the most actively-traded contract – slid from near $1,745 to as low as $1,711.70 per ounce.
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