Gold Futures Fall for Third Day on Improved Outlook for Economy

Bloomberg reports that Gold fell for the third straight day on mounting speculation that an improving economy will cut demand for the metal as a haven.

The market news is quoted as saying:

Fewer Americans filed claims for unemployment insurance payments in the past four weeks, boosting prospects for the labor market. A report tomorrow may show U.S. payrolls rose for a third consecutive month. In the previous two days, gold tumbled 3.5 percent, the most in 11 months, after advancing 30 percent in 2010.

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