Gold Slides, Ends Barely Above $1,600

Gold prices are ending lower as investors become less skittish about the economy.

Gold for April delivery fell $26 to $1,609.50 an ounce Friday. That's a loss of 1.6 percent.

Most other metals prices also fell. Copper ended little changed.

The appeal of gold as an alternate store of value has slipped as the stock market has recovered since the beginning of the year. The S&P 500 index notched its seventh straight weekly gain Friday, its longest winning streak in more than two years, and it is up 6.6 percent so far this year.

Wheat, corn and soybeans prices rose.

Oil fell $1.45 to finish at $95.86 a barrel on the New York Mercantile Exchange.


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