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US gold futures fall 1% but cash rises
Wednesday, April 17, 2013 3:13
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Fears of central bank sales and tepid global growth continue to cast a pall over the market.
US gold futures slipped more than 1% on Wednesday after investors dumped holdings of gold-backed exchange-traded funds and as the contract caught up with a recent sell-off in the cash market.
But lower prices could stir more purchases from physical buyers, with bullion falling about 17% so far this year after an unbroken 12-year string of gains.
