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Gold retreats as Greece blinks

Wednesday, 4 February 2015



Gold skidded on Tuesday as its safe-haven appeal faded with Greece taking a much more accommodating stance on its standoff with the European Union on repayment of debt.

Gold for April delivery GCJ5, +0.25%  fell $16.60, or 1.3%, to settle at $1,260.30 an ounce. March silver futures SIH5, +0.11% rose 7 cents to $17.32 an ounce.

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