Gold Dropped to Six-Month Low amid Economy Recovers

Note: This section contains information in English only.
Source: Bloomberg
Gold fell for a sixth consecutive session, the longest losing run in almost 4 years, and reached the lowest level since August on the economy recovery decreased demand. Economists expect minutes from Federal Reserve's meeting on January 29-30, published today, and the data on consumer costs and producer prices will show U.K. inflation is under control.The contract for immediate delivery of gold declined 0.9% to$1,590.92 an ounce in London, the weakest in six months, April-delivery gold dropped 0.6% to $1,592.60 in New York.
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Wed, 20 Feb 2013 13:42:04 GMT

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