Gold slumps along with silver right before China starts New Year holiday

Note: This section contains information in English only.
Source: Bloomberg
The yellow metal and silver declined amid speculation that Chinese demand may fall right before the nation starts its Lunar New Year holiday. Bullion for immediate settlement dropped 1% to $1.220.46 an ounce and traded at $1,222.44 as of 10:19 a.m. London time, while silver lost 2.7%, the biggest decline in more than a week, being last down 2.3% at $16.8848.
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