Gold Resumes Drop Amid Worries From China

Precious-Gold plunged for a third straight session on Tuesday amid worries that slowdown in China would weigh on the global economy. The yellow metal hit a low of $1125.42 an ounce, while it currently trading at $1125.58, after opening at $1131.82. Downbeat industrial profits data from China released on Monday added to concerns about the outlook for the Chinese economy, where investors will focus on Thursday's manufacturing reports.

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