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U.S. gold falls on lower physical buying

Tue Feb 12, 2008 10:57pm IST
 
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NEW YORK, Feb 12 (Reuters) - U.S. gold futures fell 2 percent and were below $910 an ounce on Tuesday, hurt by a sharp decline in bullion demand from top consumer India and profit-taking amid lower crude oil prices.

At 12:19 p.m. EST (1719 GMT), the active gold for April delivery GCJ8 on the COMEX division of the New York Mercantile Exchange slid $15.90, or 1.7 percent, to $910.80 an ounce. Just minutes earlier, it had bottomed at $907.90.

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