Bruised NY gold slips to 5-week low before holiday

Newswire

NEW YORK, March 24 (Reuters) - Gold slipped to a fresh five-week low in quiet trade on Thursday, as the dollar stretched its recovery and funds cashed in precious metals bets before the Easter long weekend. Gold tracked the euro to its lowest since mid-February, as investors moved back into dollars on speculation that U.S. interest rates could rise faster. But position taking was muted before U.S. financial markets adjourned for Good Friday, especially with many overseas centers closed ...

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