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Gold for February delivery GCG5, +0.23% settled down $13.40, or 1.1%, at $1,194.30 an ounce. The contract jumped above $1,220 early Tuesday as U.S. stocks slumped, but it then turned negative while equities pared their early losses.
Meanwhile, March silver SIH5, +0.69% dived by 81 cents, or 4.9%, to settle at $15.75 an ounce.
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