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Tuesday, December 22, 2009

Gold firmed in Europe

Gold firmed in Europe on Tuesday,lifting off a 6-1/2 week low hit in the previous session, due to a weaker dollar and physical buying.

Analysts said gold could test lows in the near term after breaking through $1,100, as investors close positions before the end of the year, but their appetite to buy bullion on dips would support the market.

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