Gold Prices Decline to Four-Month Low as Investment Demand Wanes
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Gold fell to the lowest price in almost four months as expectations for a global recovery eroded demand for the precious metal as a haven.
The Dow Jones Industrial Average topped 12,000 for a second day. Holdings in exchange-traded products backed by bullion yesterday fell for the third straight session, dropping to the lowest level since August. Gold has shed 7.1 percent this month, following a 30 percent increase last year.