Gold ended Friday with losses as speculations about possible quantitative easing tampering in December (the
There are concerns that the festival season in India, the biggest consumer of gold, will not provide increasing demand for the precious metal, as it was usually doing previously, because of government measures to limit imports. Falling prices for gold were not helping to boost demand. In fact, quite the opposite has happened as people are waiting for prices to fall even more.
December futures for delivery of gold dropped $10.3 (0.78 percent) to settle at $1,313.2 per troy ounce on COMEX.
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