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Gold sinks again, extends losing streak

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Gold is closing lower for a sixth straight week, its longest losing streak in eight years. Gold lost $25.70 to settle at $1,648.90 an ounce Friday. It's now 8 percent below the recent peak of $1,792 an ounce it reached on Oct. 4. It rose as high as $1,900 an ounce in August 2011. The latest decline came after the Federal Reserve released minutes of its December meeting showing that...