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FEB 08, 2013 - MarketWatch

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Gold logs modest losses for the day and week

SAN FRANCISCO (MarketWatch) -- Gold futures finished lower Friday, logging a minor 0.2% loss for the week under pressure by dollar strength and as a climb in U.S. equities lured some investors away from the precious metal. April gold fell $4.40, or 0.3%, to settle at $1,666.90 an ounce on the Comex division of the New York Mercantile Exchange. March silver settled at $31.44 an ounce, up 4 cents, or 0.1%, for a 1.6% loss on the week. "Trade deficit numbers shrunk for the U.S., indicating positive signs for the U.S. economy," so equities rallied and "tail-risk commodities such as gold ... Read More

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