Gold Slips Away From Near-Term High

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The metal gained $48.50 in its previous four sessions, making up for a recent slump.

Gold prices dropped early Tuesday morning in U.S. trading, moving away from a 2 1/2-week high. Bullion for December delivery traded at $8.16.70, down $9.80 an ounce. It fell as low as $810.60 in the early going.

The precious metal continued a slump that began Monday afternoon. Gold closed the session higher again on Monday, but returned most of its gains. December bullion finished at $826.50, up $1.80 on the day, but had reached as high as $837.20, before retreating...

The metal gained $48.50 in its previous four sessions, making up for a recent slump. In the preceding six days before that, the precious metal had lost $55.00. Gold has gained as the U.S. dollar saw continued weakness in recent days, hitting a record high against the euro and falling against others as well.

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