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StockJoker

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StockJoker

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Wednesday, 03/09/2011 7:07:12 PM

Wednesday, March 09, 2011 7:07:12 PM

Post# of 977
Buyers are drying up


LONDON—Gold's record-breaking rally is weighing on jewelry retailers, as the ever-increasing cost of the popular yellow metal dims the enthusiasm of shoppers.

Jewelers in Hatton Garden, London's oldest jewelry quarter, say they are struggling to close sales after the price of gold jumped more than 30% over the past year, to an all-time high of $1,445.05 a troy ounce this week.

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