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Spot gold falls over 2 pct below $1,170/oz on dlr

Fri Nov 27, 2009 6:50am GMT
 

TOKYO, Oct 9 (Reuters) - Spot gold XAU= briefly fell as low as $1,166.75 per ounce on a recovery in the dollar on Friday, down 2.2 percent from the notional close in New York, before paring the losses to claw back above $1,170.

Bullion hit a fresh record high of $1,194.90 on Thursday before the dollar bounced from 15-month lows on concern over debt problems in Dubai. (Reporting by Risa Maeda) ((risa.maeda@thomsonreuters.com; +81 3 6441 1856; Reuters Messaging: risa.maeda.reuters.com@reuters.net)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))

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