Gold declines from highest level in three months

Source: Bloomberg
© Scanpix/Reuters
Gold dropped from the highest level in New York on bets of slowing demand ahead of the Fed's last meeting minutes release, while silver futures retreated after its longest rally in approximately 30 years. Gold for April delivery slid 0.5% to $1,317.30 an ounce as of 7:36 a.m. in New York, while the metal for immediate delivery slipped 0.3% to $1,317.47.
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