Gold prolongs biggest decline in three weeks

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Source: Bloomberg
© Scanpix/Reuters
Gold fell for a second day in a row, prolonging its biggest decline in more than two and a half weeks, as U.S. home report indicated on that the officials will reduce stimulus measures. Spot gold dropped 0.5% to $1,315.30 an ounce, and was at $1,320.02 as of 8:56 a.m. Singapore time. Metal prices slipped 1.7% on Wednesday; the biggest decline since July 5, erasing the climb to $1,348.65, the highest in month.
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