Gold on second weekly loss

Source: Bloomberg
© Scanpix/AFP
Gold is moving towards its second weekly loss as the increasing economic growth curbs demand for the haven investment metal. December futures were traded at at $1,293.30 per ounce on the Comex from $1,292.70. Victor Thianpiriya said that gold fell through the barrier of $1,300 and positive economic data has dampened the gold market ever further.
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