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Comex Gold Hits Six-Week Low, Drops Below Key Support as Dollar Rallies

Comex Gold Hits Six-Week Low, Drops Below Key Support as Dollar Rallies
By Jim Wyckoff 24 March 2010, 9:00 a.m. April Comex gold futures are slumping further in morning dealings Wednesday. April gold was last traded down $13.40 an ounce, at $1,090.30. Prices dropped below solid technical support at $1,088.50, which triggered sell stop orders and more selling pressure.

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