(Bloomberg) -- Gold in New York fell from an 11- month high on speculation a six-week rally was overdone. Silver declined.
Before today, gold had gained 7.8 percent since March 2 and yesterday closed at $694.50, the highest since May 12. The seven-day relative strength index reached 70 yesterday, a signal to traders that prices are poised to fall.
Read more at Bloomberg Commodities News
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