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Wednesday, February 25, 2015

Gold falls in longest run since November on dollar, Greece plan

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Gold today fell for the fourth day in the longest run of losses since November as the dollar strengthened and Greece’s creditors review a list of debt-reduction policies.

Gold fell 0.6 per cent to USD 1,195.13 an ounce. It reached a seven-week low USD 1,191.19 on Monday. Silver was down 0.5 per cent at USD 16.26 an ounce.

The Bloomberg Dollar Spot Index reached the highest in more than a week before Federal Reserve Chair Janet Yellen speaks to lawmakers.

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