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Gold settles down on Thursday  

Gold settles down on Thursday  

Mubasher: Gold declined at Thursday’s settlement, which is its lowest level since August.  

Comex April gold went down $20.10, or 1.5%, to close at $1,327.8 per ounce.  

"Gold was due for a correction as the current rally was getting very extended," MarketWatch reported, citing managing partner at Altavest, Michael Armbruster, as saying.