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Volatile Week Ends Down More Than 1 Percent

The major U.S. averages slipped more than 1 percent to close out a volatile week of trade. Risk appetite has declined in front of the so-called Brexit vote, which sent stocks and bond yields lower, while safe haven assets like gold and the yen spiked. Year-to-date, the S&P 500 is up just over 1 percent, while the SPDR Gold Shares, an electronic-traded fund (ETF) that seeks to reflect the performance of the price of gold, is up nearly 22 percent. Markets also seemed to be confused...

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