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After trying a test of overhead resistance near $820 gold prices retreated to the $810 area overnight but remained reasonably well supported by physical demand in the overseas markets. 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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