04-23-2013 • http://www.businessinsider.com, Joe Weisenthal
From Reuters:
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A customer looks at
bangles before purchasing them at a gold showroom in the southern Indian
city of Kochi April 19, 2013. Gold rebounded above $1,400 an ounce on
Friday as strong buying of coins and bars continued, primarily in Asia,
but prices were still on course for a fourth week of losses after a
brutal sell-off. Gold retailers struggled to cope this week as parents
buying dowries, casual shoppers and tourists snapped up bars, coins,
nuggets and jewellery as a slump in the price of the yellow metal
released years of pent-up retail demand.
Reported by Robert Lee
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