| On the Comex division of the New York Mercantile Exchange, gold futures for December delivery on Thursday continued to drift lower, trading at a near 3-month low. In afternoon trade gold was changing hands for $1,266.00 an ounce, down more than $4 an ounce compared to yesterday's closing price.
The latest retreat in the price pares the metal's gains for the year to under 5%. The 2014 low for gold is $1,244 reached June 2, but many analysts believe the gold price has much further to fall...............................................Full Article: Source
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