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Gold dips to 4-month low on Greece uncertainty and EURO also falls

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Gold slipped to a four-month low on Wednesday, forced by a weaker euro as investors fretted about the political upheavals in Greece that endanger to sink the country into turmoil and put at risk the euro zone’s efforts to end the debt crisis.

Spot gold lost more than 1 percent to a four-month low of $1,586.74 an ounce, stretching a 2-percent slide from the earlier session. It was at $1,588.64 by 0413 GMT.

U.S. gold also slipped to a four-month trough, at $1,589.50.

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