Reuters: US Dollar Report: Gold hits lowest price level since mid-Jan

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Gold hits lowest price level since mid-Jan Mar 22nd 2012, 09:37 LONDON, March 22 | Thu Mar 22, 2012 5:37am EDT LONDON, March 22 (Reuters) - The price of gold fell by 1 percent on Thursday to its lowest level since mid-January, against a backdrop of a strengthening dollar, soft consumer demand in Asia and weakening investor appetite for the metal. Spot gold fell by as much as 1 percent to a session low of $1,631.74 an ounce, its lowest since January 16, to then trade at $1,633.69 an ounce by 0934 GMT.

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