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Section: Business News - Gold futures in New York declined on Tuesday (April 21, 2009) as a rebound in equities eroded demand for the precious metal as an alternative.
Gold futures for June delivery fell 4.80 dollars, or 0.5 percent, to 882.70 dollars an ounce on the New York Mercantile Exchange. Earlier, the price jumped 1 percent to 896.40 dollars.
The gold market made an initial attempt to move higher …