Gold slips 1.3 percent as euro retreats

Reuters reports that on Thursday Gold fell 1.3 percent to close in on $1,360 an ounce.

The market news is quoted as saying:

Spot gold fell as low as $1,361.35 and was bid at $1,365.80 an ounce at 1549 GMT, against $1,380.45 late on Wednesday. Earlier it hit a high of $1,386.35. U.S. gold futures for February delivery fell $19.30 to $1,366.90.

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