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Gold slipped slightly amid some profit-taking but the most-actively traded contract remained above $1,000 an ounce. The precious metal closed at a record-high on Friday.
August gold lost $5.30 to close at $1,001.10 per ounce. Gold reached as high as $1,010.80.
Gold received some support on Monday but a weaker U.S. dollar, which enhanced the metal's hedge appeal. The buck extended a 2009 low against the euro and also fell versus the pound.
The metal closed above $1,000 for the first time since February on Friday, finishing at $1,006.40. Prices hit as high as $1,013.70 in intraday trading.
This shattered the old record finish of $1,003.20 reached in March 2008. The intraday high of $1,033.90 was reached on March 17, 2008. However, when adjusted for inflation, gold moved near $2,000 in 1980.
There will be plenty of economic activity to keep traders busy tomorrow. Producer price index data is expected at 8:30 a.m. ET. PPI for August is expected to rise 0.8%, compared to an 0.9% drop in July. Core PPI is expected to rise 0.1%, compared to a drop of 0.1% last month.
Retail sales, Empire manufacturing and Business inventories data is also on the docket.
Federal Reserve Chairman Ben Bernanke speech on the year anniversary of crisis to the Brookings Institution in Washington at 10 a.m. ET.
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