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Gold Price Drops on Profit-taking

Gold Price Drops on Profit-taking

Write: Edlyn [2011-09-29]

Gold futures on the COMEX Division of the New York Mercantile Exchange dropped again on Wednesday, as traders took profits on previous gains.

The most active gold contract for December delivery dropped 34. 4 dollars, or 2.1 percent, to 1,618.1 dollars per ounce.