Gold is set for its biggest annual loss in three decades and its first annual drop in 13 years, as an improving economy cut demand for a protection of wealth.
Bullion slid to $1,187.13 an ounce on December 20, near this year’s low set in June, before rebounding to a one-week high of $1,219.28 on December 27. Global equities traded near the highest level since 2007 before reports this week that may show improvements in US housing and manufacturing.
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