Bloomberg News

Gold Drops for Fifth Day, Set for Longest Slump Since January

October 20, 2011

Oct. 21 (Bloomberg) -- Gold for immediate delivery fell for a fifth day, the longest period of decline since January, dropping as much as 0.6 percent to $1,611.82 an ounce. The metal traded at $1,613.88 at 7:08 a.m. Singapore time, down 4 percent this week and poised for its first weekly decrease in three weeks.

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