Gold futures have dropped below $1,200 an ounce for the first time since June following the Fed's decision to taper its QE program by $10B a month, although bullion was at $1,204.70 at the time of writing, down 2.45%. Prices have dropped around 28% this year and are heading for the first annual decline in 13 years. Silver was -3.7% at $19.32.
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