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Gold Nears Lows For the Month

After starting off the month on June 1st with it largest one-day gain (3.7%) since August, the price of gold has given up all of its gains and is now down for the month.  The next area to watch for the commodity is at around the 1,525 level, and then after that traders will be watching the 1,511 level which represents a 20% decline from its closing high of 1,888.70 back in August 2011.

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