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LAST week, the yellow metal soared to a fresh high at 1569.15 regions amid bearishness in US dollar.
LAST week, gold prices declined from high of 1553.48 regions to 1525.77 regions amid stronger greenback. Greenback is likely to remain strong until end of the month while the euro-zone still struggles with the debt crisis issues.
GOLD prices surged higher from lows of 1489.50 to as high as 1545.51 last Friday amid worse-than-expected US non-farm payroll, and higher unemployment rate.
GOLD prices took a plunge of US$210 correction from its new found high 1902.02 due to CME Group called for margin raise in Comex gold futures.
GOLD prices dropped from a high of 1920.74 regions last week to as low as 1791.12 regions as the appetite for risk grew. However, the global equity markets eroded the flight into gold as safe-haven.
GOLD prices plunged drastically to 1628.70 last week amid stronger greenback after Fed successfully implemented 'Operation Twist'.