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May 17, 2011 4:01 PM by Adam Knapik

Gold, silver drop in May

NEW YORK (AP) - The May gold contract on the New York Mercantile Exchange closed today at $1,479.80 an ounce -- down $10.60. The current silver contract on the "NYMEX" closed at $33.49 an ounce -- down 64 cents.

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