Gold drops for third day in a row on Thursday

Source: Bloomberg
Gold continued to decline on Thursday extended its series of losses after it was bullish for 12 years amid concerns that investors tend to seek for higher return in riskier assets as the global economy is recovering. Bullion for delivery in April dropped 1% dropping to its weakest since May 30 at $1,541.82 an ounce after it was traded at $1,551.72 by 2:32 p.m. Singapore time.

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