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Gold Caps for Biggest Drop Since 2013 as Silver Plummets

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Gold futures fell the most in 13 months and silver posted the biggest plunge since June 2013 as signs of a robust U.S. labor market cut demand for haven assets.

The two most-traded gold options were bets on further declines, and prices for the contracts doubled. Aggregate futures trading was 79 percent above the 100-day average for this time of day, with silver 70 percent higher, data compiled by Bloomberg show.