Gold declines for the 1st time in 3 days - 2012/01/24 20:29Hello, boys! Gold declined for the first time in three days in London as a rally to a six-week high spurred some investors to sell the metal amid lower demand from Asia.
Bullion for immediate delivery fell $8.57, or 0.5 percent, to $1,668.60 an ounce by 11:13 a.m. in London. Gold for February delivery was down 0.6 percent at $1,669 on the Comex in New York.
The metal climbed 10 percent in 2011, an 11th consecutive annual gain, as investors sought to diversify from equities and some currencies.
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