GOLD dropped yesterday as buyers cashed in gains amongst a downgrade of Spain's sovereign debt rating and favorable US data.
December contracts dropped down $US6.80, or 0.1 per cent, at $US1380.00 a gold troy oz on the Comex division of the NY Exchange. The most active contract, for Feb delivery, settled to $US6.90, or 0.1 %, at $US1380.50.
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