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Gold prices fall after smooth Italian bond auction

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Metal prices were lower Wednesday after investors decided that Italy's gridlock-inducing election might not be so worrisome after all. Gold for April delivery fell $19.80, or 1.2 percent, to $1,595.70 per ounce. Silver and platinum were down 1 percent or more. On Monday Italy's elections failed to produce a clear majority and made investors worry that the country could renege on some of its...

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