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Urgent: Gold down on profit taking despite weaker U.S. GDP

Xinhua, April 30, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange pulled back from three-week highs on Wednesday as profit taking put more pressure on the precious metal, offsetting the support from downbeat U.S. economic growth in the first quarter.

The most active gold contract for June delivery lost 3.9 U.S. dollars, or 0.32 percent, to settle at 1,210 dollars per ounce. Endite