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U.S. gold futures down 1 percent, ETF holdings hit 3-year low

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Reuters SINGAPORE
Last Updated : Apr 18 2013 | 6:30 AM IST

SINGAPORE (Reuters) - U.S. gold futures fell about 1 percent to a session low of $1,367.60 an ounce on Thursday as holdings on SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, slipped to their lowest level since April 2010.

Gold, usually seen as a safe haven, has failed to capitalise on tensions in the Korean peninsula and has been hit by uncertainty over the U.S. Federal Reserve's stimulus programme, prompting investors to dump their holdings. (Reporting by Lewa Pardomuan; Editing by Himani Sarkar)

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First Published: Apr 18 2013 | 6:12 AM IST

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