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After having tested both ends of the support/resistance channel for the day (from $800 to $820) gold prices retreated to the middle of the range at $810 and had a rather lackluster afternoon session. The euro skidded towards its lowest value against the dollar in nearly half a year as apprehensions about the state of the economy in the EU rose yet another notch. The common currency fell against a dozen actively traded currencies and showed that this is not simply a dollar-euro cross story of late.
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