Gold prices fall 1 pct to one-month low

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Gold prices fall 1 pct to one-month low

posted on Dec 04, 2012 09:37AM

by Thomson Reuters

LONDON, Dec 4 (Reuters) - Gold prices fell by almost 1 percent to a one-month low at $1,697.79 per ounce on Tuesday, after a break through key chart support at $1,704 triggered a wave of selling.

Spot gold was down 0.9 percent at $1,699.89 per ounce at 1337 GMT. Traders flagged up support for the precious metal at its 100-day moving average, currently at $1,694.

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