Gold Futures Drop From Record in New York After Longest Rally in 31 Years

Bloomberg reported that gold futures were down today following gold’s longest rally in over three decades.

The market news is quoted as saying:

Gold futures for August delivery fell $1.30 to settle at $1,601.10 at 1:40 p.m. on the Comex in New York. The metal gained in the previous 10 sessions, the longest rally since January 1980.

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