Gold dips after China bank move, U.S. data

Precious Metals

Reuters reports that Gold fell one percent on Friday after China raised bank reserve requirements and U.S. data showed improvement in the world’s top economy.

Reuters reports that Gold fell one percent on Friday after China raised bank reserve requirements and U.S. data showed improvement in the world’s top economy.

The market news is quoted as saying:

U.S. consumer sentiment rose more than expected in early December while an index of current conditions jumped to its highest level since January 2008, a survey released on Friday showed.

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