Jan. 6 (Bloomberg) - Gold dropped for a fourth day, the worst run in seven weeks, as data signaling a recovery in the U.S. economy curbed demand for the precious metal as a haven. Silver advanced, ending a three-day losing streak.
Immediate-delivery bullion fell as much as 0.3 percent to $1,374.10 an ounce and was at $1,375.05 at 10:57 a.m. in Seoul. The metal, which reached a record $1,431.25 on Dec. 7, has lost 3.2 percent this week. The February contract was little changed at $1,375.20 an ounce on the Comex in New York after losing 3.5 percent in the past two days, the worst fall since February.
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