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Gold and silver slide after further Fed cuts

By The Associated Press
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Gold and silver prices are lower a day after the Federal Reserve made further cuts to its economic stimulus program.

The actively traded April contract for gold fell $19.70, or 1.6 percent, to $1,242.50 an ounce Thursday. Silver for March delivery fell 42.6 cents, or 2.2 percent, to $19.126 an ounce.

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