Gold Futures Fall, Capping a Second Year of Losses
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For the first time since 1998, gold posted back-to-back yearly declines.
The metal fell today as the dollar gained, reducing the appeal for bullion as an alternative asset. Bullion closed down 1.5 percent for 2014, compared with an average annual move of 12 percent in the past 14 years. Prices touched a four-year low last month as equities rallied and investors speculated that the Federal Reserve is preparing to raise interest rates.