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Gold has had a difficult few months. After a modestly upward trend until mid-April, gold then started its downward trajectory, falling from $1,350 to well under the psychologically important $1,200 mark in a (final?) collapse the last week. The U.S. economy, stock market, and particularly the dollar have all been broadly positive for most of the year, making it a difficult environment for gold, with demand for the metal sliding; U.S. coin sales hit 10-year lows, reflective of this lack of demand.
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