Gold set for biggest weekly decline in a month

Source: CNBC
© Scanpix\Reuters
Gold decreased to the lowest level in two weeks, after better-than-forecast U.S. economic report increased concerns the Federal Reserve may begin to scale back its bond purchases.  Spot gold dropped 1.6% to $1,287.56 per ounce and U.S. gold retreated $24 to $1,287.10, adding to signs gold is heading towards the worst weekly decline in four weeks.
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Fri, 02 Aug 2013 10:56:08 GMT

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