Gold lost some of its luster - WRBL

Gold lost some of its luster

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Gold lost some of its luster last quarter, falling a record 23 percent. At about 12 hundred dollars an ounce, it's the lowest price for the precious metal in nearly 3 years. Investors buy gold as a hedge against inflation, but with the Fed expected to pull back its bond-buying program, experts predict inflation will remain in check.


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