Is gold's retracement merely a correction, or the end of an era? It all depends on who you ask.
Whipsawed by monetary policy expectations and the U.S.'s Sisyphean struggle to rein in the federal deficit, bullion traded below $1,660 an ounce on Friday, a more than 13 percent decline from its record high of $1920 set in 2011, when Europe's debt crisis was on full boil.
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