Gold Prices Drop on ECB News

MarketWatch reported that news the European Central Bank will not expand its bond program caused gold prices to fall.

As quoted in the market news:

Gold for February delivery declined $31.40 to $1,713.40 an ounce on the Comex division of the New York Mercantile Exchange. Losses intensified as the session drew to a close and gold ended at its lowest since Nov. 29.

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