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Gold fell for the second day on signs that a rally to a two—month high damped physical and investment demand.
Gold lost as much as 0.4 per cent to $1,310.19 an ounce in Singapore.
Silver also declined by 0.4 per cent to $20.79 an ounce.
Gold completed a third weekly advance last week after the US Federal Reserve said it will keep interest rates at almost zero for a considerable time.
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