Gold falls from 4-month high as Ukraine tensions eases

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Gold fell from the strongest level in four months since tensions between Russia and Ukraine eased, curbing  wealth protection demand. Bullion for immediate delivery traded at $1,332.81 an ounce as of 8:39 a.m. in Singapore compared with yesterday's $1,334.34, when the yellow metal lost 1.2%, the biggest drop since January 30. The metal climbed to $1,354.87 two days ago and it was the highest level since October 30, as tensions declined between the nations.