Thu, 29 Aug 2013 09:11:10 GMT
Gold cuts five-day growth as data may add to the case for reducing monetary stimulus
Gold dropped from a three-month peak on Syria's tension as economic data from U.S. may add to the case for the Fed's tapering, also technical analysis showed an upcoming reduction in prices. Immediate delivery gold slid for the first time in six days 0.9% to $1,404.88 an ounce and stayed at $1,407.49 as of 2:51 p.m. Singapore time, following a