Gold drops as traders weigh slow growth vs strong employment

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Gold drops as traders weigh slow growth vs strong employment

Gold prices slipped lower Monday as investors continued to favor dollar positions in the wake of strong employment and slow growth warnings from the Federal Reserve.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.17% at USD1,777.75 a troy ounce in late afternoon U.S. trade