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February 29, 2012

Gold tumbles 4 percent in biggest 1-day loss this year

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Gold prices slumped more than 4 percent on Wednesday, their biggest one-day drop this year. Analysts said testimony from U.S. Federal Reserve Chairman Ben Bernanke suggested the bank was unlikely to engage in more easing in the short term. Expectations for an extension of ultra-loose U.S. mone... FF News: Fundamental

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