Gold drops on signs of physical purchases

Source: Bloomberg
Gold traded in New York increased on Friday reducing the largest monthly fall since June amid speculation that the Federal Reserve may curb its stimulus program on signs of gold physical purchases. Bullion for delivery in February advanced 1.1% to $1,252.10 as of 7:45 a.m. on the New York's Comex and it dropped 5.4% this month.

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