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Cyprus brings gold price immunity as ETF outflows hit 18 tonnes a day

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The gold price on Tuesday was consolidating yesterday's gains as investors continued to digest the stunning decision over the weekend to bail-in Cypriot savers. By early afternoon gold was hanging onto gains at $1,610 as news that the island nation's parliament rejected a EUR17 billion bailout deal with the EU broke. No-one voted in favour of the bank deposit levy, but politicians of ...

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