Gold drops after rally

08:33, January 04, 2011      

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Gold declined after last year's rally, the 10th annual advance, prompting some investors to sell and as demand dropped on a strengthening dollar. Palladium also fell. Gold for immediate delivery dropped up to 0.5 percent to $1,414.15 an ounce and traded at $1,418.70 at 1:43 pm on Monday in Seoul. The February-delivery contract lost 0.2 percent to $1,419 an ounce on the Comex in New York.

Source:China Daily
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