Gold edges down as euro falls to 1-year low

23 April 2010  Bloomberg.com

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Gold futures fell as the dollar’s rally eroded the appeal of the precious metal as an alternative investment.

The greenback rose for the sixth straight session against a basket of major currencies, including the euro, after the European Union said that Greece’s budget deficit was wider than forecast. Gold rose 24 percent in 2009 as the dollar fell 4.2 percent.

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