Gold drops below $1300

US STOCKS fell again overnight, while gold dipped below $US1300 an ounce for the first time in about six weeks.

Gold futures slid 0.7%, or $8.70, to $1294.70/oz, the lowest price since February 12.

Silver remained below $20/oz, losing 0.4% to $19.71/oz, while palladium dropped 2.6% to $760.50/oz.

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