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Gold drops after release of US retail sales data

Duncan Richardson, News Editor
15 Jan 2014, 3:13 p.m.

Gold retreated yesterday after the release of better than expected US retail sales data and the metal appears sensitive to any economic data. Following last week’s disappointing jobs data gold rallied only to be pegged back by the latest retail figures. Gold spot eased 0.3% to $1,241.46 an ounce after reaching a month high on Tuesday off $1,255 per ounce.

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