Gold lower on global economic uncertainty

Note: This section contains information in English only.
Source: Reuters
© Scanpix/Reuters
On Friday, gold was traded lower, as the demand for the precious metal was undermined by a growing uncertainty over upcoming U.S. fiscal cliff and overall global economy. Spot prices for gold declined by 0.1% to trade at $1,713.19 per troy ounce at 7:50 a.m. London time. The commodity was likely to end the week with a 1% weekly loss.
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