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GOLD prices fell initially last week to 1380.70 but recovered to end at 1418.10.
GOLD prices ranged from 1322.70 to 1358.80 as the mounting conflict in Egypt boosted demand for the precious metals as a safe haven.
LAST week, gold prices toppled and experienced the largest weekly loss in more than seven months.
GOLD broke the 1400 psychological level last week and climbed up further to 1420 regions last week. The bullishness was fuelled by the weakening of US dollar and mounting concerns over the incessant European debt crisis.
GOLD traded relatively quiet last week. It reached a weekly high at 1392 regions before sliding to 1372 regions.
GOLD fell off the high 1408 last week to 1360 as the dollar extended a rally, eroding demand for the precious metal as an alternative asset.
GOLD slid from its new high at 1430 regions early last week to 1371 regions as the Obama administration proposed a new tax cut and unemployment benefit plan.