Gold drops under $1,400 after upbeat U.S. report

Source: WBPonline
Gold snapped some of the previous climbs on Friday, after strong U.S. report from Thursday boosted speculation the the Federal Reserve may begin tapering in September. The December gold contract on Comex decreased 1.10% to $1,397.20 per ounce, and silver futures dropped 2.51% to $23.535 per ounce.
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