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Gold Prices Slide Amid Anticipation of Fed Chief's Remarks

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Gold
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Gold prices retreated on Friday as investors awaited remarks from Federal Reserve Chairman Kevin Warsh at the Jackson Hole symposium.

Spot gold fell 0.5% to $4,576.30 an ounce by 01:57 GMT, after reaching its highest level in more than three months earlier in the week following the U.S. Treasury Department's announcement of measures to support long-term bonds.

U.S. gold futures also declined 0.8% to $4,629.

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