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NEW YORK (AP) - Gold prices dropped Wednesday due to fund selling, while the U.S. dollar made gains against the euro.
The most-active April gold contract settled $6.20 lower at $542.70 an ounce on the New York Mercantile Exchange. Spot gold fell $6.20 to $539.70.
Andrew Chaveriat of BNP Paribas said the weekly momentum of the gold market is on the verge of a bearish crossover off an overbought extreme.
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