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23

Gold Prices Eased After 5 days of Gains

Gold prices pulled back slightly from 27-year highs Friday

Gold prices pulled back slightly from 27-year highs Friday as some investors paused to cash in profits ahead of the weekend after five straight days of gains.

Gold for December delivery fell $2.80 to settle at $834.70 an ounce on the New York Mercantile Exchange's COMEX division.

Before Oct. 31, gold had not traded above $800 an ounce since 1980.