Because of U.S. economic data released Thursday performed well, coupled with fears that tightening monetary policy in China or another, the New York Mercantile Exchange, gold closed down 20.
Among them, the February gold contract fell $ 23.7, down 1.7%, to close at 1,346.50 U.S. dollars / ounce, its lowest level in nearly two months.
Bureau of Statistics of China announced on Thursday, in December 2010 the consumer price index (CPI) increased by 4.6% per annum, higher than the expected increase of 4.4%.
New York, said CPM Group Manager Carlos Sanchez, gold futures fell below support at $ 1,360 an ounce, which may trigger some technical selling.
Sanchez said, "but long-term trend for gold still intact."
Sanchez said, "As the euro sovereign debt crisis, the U.S. fiscal policy and inflation in emerging countries, such problems have not been resolved, possibly as early as next week, gold futures would be over $ 1,400 back."