CP Update: GOLD Slips to Four Weeks Low

Gold futures dropped to a four-week low on Thursday, as renewed liquidation in gold-exchange traded funds and its recent drop below the $1,400-per-ounce level spooked bullion investors, prompting them to favor other assets.

Gold futures for June delivery settled down $9.30 an ounce at $1,386.90 an ounce on the New York Mercantile Exchange.  While spot gold down 0.4% at $1,386.05 an ounce.

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