Gold prolongs decline from highest level in 17 weeks

Source: Bloomberg
© Scanpix/Agence France-Presse
Gold prolonged a retreat from more than four month high as better than expected U.S. housing data supported bets that the Fed will continue to scale back its monetary stimulus. The yellow metal for immediate delivery slid 0.2% to $1,327.32 an ounce as of 9:31 a.m. London time, after it advanced to $1,345.46 day earlier, making it the highest level since October 30. 

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