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Urgent: Gold down on China rate cut

Xinhua, October 24, 2015 Adjust font size:

Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday after China reduced its reserve requirement ratio in a move to stabilize world equities.

The most active gold contract for December delivery fell 3.3 U.S. dollars, or 0.28 percent, to settle at 1,162.80 dollars per ounce. Enditem