Gold falls to 2-1/2-week low on stop-loss selling

MTECHTIPS

Gold falls to 2-1/2-week low on stop-loss selling

Gold dropped to a 2-1/2-week low on Monday, extending losses from the previous session, as stop-loss selling more than offset support from China inflation data suggesting there was more room to ease monetary policy.
Gold staged its biggest daily loss in more than two months on Friday, after data showed US consumer sentiment rose to a five-year high, adding to concern that the Federal Reserve's latest round of quantitative easing (QE3), aimed to improve job market and supporting growth, may be trimmed

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