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Gold Tumbles Most Since July as Haven Demand Ebbs; Silver Falls

Gold tumbled the most in six months on speculation that an economic recovery will curb demand for the metal as a haven. Silver slumped more than 5 percent.

Orders placed with U.S. factories unexpectedly rose in November, a report showed today. Yesterday, figures showed manufacturing in the U.S. expanded at the fastest pace in seven months in December. In 2010, gold posted the 10th straight annual gain, outperforming stocks and bonds, amid escalating U.S. and European debt.