Gold Futures Drop as China’s Inflation Jumps to Seven-Month High
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Gold fell for the second time in three days as inflation in China topped economist estimates, increasing concern that officials may curb stimulus.
China’s inflation accelerated to a seven-month high in December, the National Bureau of Statistics said today. Bullion climbed 7 percent last year, a 12th straight gain, as central banks in Europe, the U.S. and China increased stimulus measures to boost economies. The Asian country is the world’s biggest bullion buyer after India.