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Metals Stocks: Gold futures fall back below the key $1,800 mark

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Gold futures declined on Tuesday, failing to hold above $1,800 an ounce a day after settling above that price level for the first time since mid-September.

Profit taking, along with a slight gain in the U.S. dollar and gold’s fall below the key $1,800 level, led to Tuesday’s gold-price selloff, Chintan Karnani, director of research at Insignia Consultants, told MarketWatch.

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