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Gold Slumping to Four-Year Low for Best Forecasters: Commodities

Gold will drop in each of the next four quarters and reach a four-year low as reduced U.S. stimulus in response to faster economic growth curbs demand for bullion as a haven, the most accurate forecasters said.

The metal will decline to an average of $1,175 an ounce in the third quarter next year, or 11 percent less than now, according to the median of estimates from the 10 most-accurate precious metals analysts tracked by Bloomberg over the past two years. Prices were last at that level in 2010.