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Urgent: Gold falls sharply on hopes of Greek deal

Xinhua, February 18, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell sharply on Tuesday as reports emerged that eurozone leaders indicated that the emergency fund to Greek banks would continue despite a breakdown in debt negotiation.

The most active gold contract for April delivery fell sharply 18.5 U.S. dollars, or 1.51 percent, to settle at 1,208.60 dollars per ounce. Endite