Gold price heads for longest run of monthly drops in 16 years

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Gold price sank nearly 1 per cent in the previous session, wiping out Tuesday's gains. (Reuters) Gold price sank nearly 1 per cent in the previous session, wiping out Tuesday's gains. (Reuters)
SummaryGold price sank nearly 1 per cent in the previous session, wiping out Tuesday's gains.

ground against the dollar and yen on Thursday, with euro bulls taking heart after a relatively smooth auction of Italian government bonds helped ease worries about the country's inconclusive election.

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