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Aug 02, 2012, 08.06 AM IST
Gold today declined the most in two weeks after a private report showed companies in the US added more workers than projected in July, easing pressure on the Federal Reserve to announce measures to bolster the economy.
Gold slid 0.7% to USD 1,602.90 an ounce. A close at that price would be the biggest fall since July 18. Silver also slumped 2.3% to USD 27.27 an ounce, the biggest loss since July 6. The 163,000 increase in employment followed a revised 172,000 gain in June, Roseland, New Jersey-based ADP Employer Services said today.
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