Gold Declines for Third Day as Shares Rally, Curbing Demand From Investors

Bloomberg reported that gold was down for the third day in a row on equity market gains.

The market news is quoted as saying:

Gold for December delivery fell $6.70, or 0.4 percent, to $1,735.90 an ounce by 8:08 a.m. on the Comex in New York. Immediate-delivery gold was down 0.7 percent at $1,735.45 in London.

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