Gold falls amid improving economic growth

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Source: Bloomberg
Gold futures traded in New York decreased on Wednesday falling from the highest level in a week amid speculation that demand for the precious metal as a wealth protection may be reduced by improving economic growth. Bullion for delivery in June dropped 0.4% to $1,579.90 an ounce earlier on the New York's Comex after it reached its highest since April 2 at $1,590.10 yesterday.

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