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Updated 17:34 23/09/20

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Gold drops as stocks rise

Duncan Richardson, News Editor
16 Jan 2014, 3:35 p.m.

Gold futures dropped yesterday as equities rose to near 12 month highs, boosted by better than expected U.S. manufacturing data. According to market analyst Jason Rotman a further reduction in the Fed’s monthly asset program known as quantitative easing could potentially drive gold below $1,200. Positive economic data coming out of the US is currently weighing heavy on the gold market.

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