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Gold slips 1pc on ECB move to fight euro debt crisis

SINGAPORE : Spot gold dropped more than 1 percent to a low around $1,768 an ounce on Friday as the world's major central
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By Shoaib Ur Rehman
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goldSINGAPORE: Spot gold dropped more than 1 percent to a low around $1,768 an ounce on Friday as the world's major central banks moved to ease funding for European banks in a coordinated effort to solve Europe's debt crisis.

US Treasury Secretary Timothy Geithner will discuss with European finance ministers the possibility of leveraging the euro zone's bailout fund to make it more effective in fighting the region's debt crisis.

 

Copyright Reuters, 2011

 

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