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Urgent: Gold drops as Middle East tension eases

Xinhua, April 23, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell by more 1 percent Wednesday on a drop in safe-haven demand amid the easing Middle East tension and the upbeat U.S. housing data.

The most active gold contract for June delivery lost 16.2 U.S. dollars, or 1.35 percent, to settle at 1,186.90 dollars per ounce. Endite