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Gold posts further losses as Egypt worries ease *PIC*

Gold posts further losses as Egypt worries ease (by Claudia Assis)

SAN FRANCISCO (MarketWatch) -- Gold futures accelerated losses on Monday, most recently trading more than 1% down as U.S. equities opened higher and concerns about Egypt's unrest eased. Gold for April delivery (GCJ11) retreated $14.70 to $1,327 an ounce on the Comex division of the New York Mercantile Exchange.