Gold Falls as Recovering Economy Curbs Alternative-Asset Demand
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Gold futures fell in New York on expectations that an improving economy will erode the appeal of the precious metal as an alternative investment.
U.S. companies added more jobs in January than forecast, figures from ADP Employer Services show. Gold dropped 6.1 percent last month, after rallying 30 percent in 2010, as investors cut holdings in exchange-traded funds and moved into stocks and other raw materials.