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Gold Falls on Concern Europe’s Crisis Will Boost Dollar

Gold in New York advanced for the second time in three days on speculation that China may take more steps to boost economic growth.

China may introduce “more proactive” policies to ensure stable growth, the China Securities Journal said in a commentary today. The Asian country will topple India this year as the world’s largest consumer because rising incomes will bolster demand, the World Gold Council has forecast. European leaders will meet tomorrow in another attempt to find a solution to the region’s debt crisis.