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Gold stays steady even in the face of war

The precious metal is proving much less prone to volatility as ETF cash eases price swings.

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A pure-gold, life-size mask of Darth Vader in a Ginza jewellery shop. The mask was made to commemorate the 40th anniversary of the Star Wars movie this year. In recent times, gold prices shifted only slightly despite a US bombing of Afghanistan, a North Korean missile test and fresh Greek debt woes.

New York

IN times of trouble, gold has long been a popular haven for investors expecting that more volatility will increase the value of the commodity. But lately, it's taking more than threats of war or terrorist attacks to get much of a reaction from the bullion market.

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