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Gold drifted flat on Friday as Wall Street witnessed weakness for the third consecutive day after Federal Reserve Chairman Ben Bernanke’s hints towards ending of monetary stimulus earlier than expected.
Spot gold drifted around $ 1292 an ounce on Friday about half a percentage up from its previous close. Gold touched lowest levels since 2010 on Thursday. The recovery in prices was mainly on account of the positive sentiment for a spurt in purchases at the bottom levels.
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