Gold Poised for Quarterly Loss as Cyprus Banks Reopen
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Gold traded little changed, set for the worst quarterly run since 2001, as the reopening of banks in Cyprus eased immediate concern Europe’s debt crisis will deepen, reducing the precious metal’s appeal as a store of wealth.
Gold for immediate delivery was at $1,596.50 an ounce at 2:31 p.m. in Seoul from $1,596.83 yesterday. Prices have fallen