Fri, 26 Jul 2013 11:17:07 GMT
Gold drops on speculation that demand might decrease
Gold dropped as investors speculated that higher prices will decrease the demand from jewelers. It is expected that if the level of $1,300 does not hold, the prices might quickly sink to $1,265-70 support area. The commodity fell 0.4% to $1,329.31 so far today, while gold futures dropped 0.1% to $1,328.40. Platinum decreased 1.1% to $1,433.61.