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A woman checks a gold necklace inside a jewellery showroom in Hyderabad
Gold down almost 1.5 % as selling snowballs
Gold traded near intraday lows o n T uesday afternoon with selling accelerating on low volumes as the euro lost further ground ahead of a much-anticipated European summit. The pressure started on Monday after bullion failed to break through key resistance at $1,600 per ounce, sending prices below near-term technical support levels. That selling snowballed on Tuesday afternoon in New York, sending