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Gold Edges Lower With Investors Eyeing Economic Data

Gold prices fell Tuesday, staying below a recent peak hit in late January with some analysts expecting confidence in the U.S. economy to limit demand for the safe-haven metal.

Front-month gold futures for February delivery fell 0.6% to $1,565.60 a troy ounce on the Comex Division of the New York Mercantile Exchange, dropping 1.1% below a nearly seven-year high hit late last month. Prices have surged since last summer, with investors seeking to hedge against a stock-market downturn, and lower bond yields globally making gold…

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