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. Last Updated: 07/27/2016

Gold Prices Drop

LONDON -- Gold prices fell in early European business Thursday, pushed lower by light speculative selling and sales by Australian producers, dealers said.

Bullion breached $290.00 support after price weakness in Asia followed a sharp sell-off in New York, but dealers said volumes were light.

"Gold is off on very little volume, there is very little interest and there is light speculative selling. Dealers are not positive to it, and the charts don't look particularly good," one said.

Dealers saw the next major support around $282.00-$280.00, with interim support at $285.00.