Gold falls to four-month low, on track for worst week since 2013

Gold fell for the ninth straight session on Friday, briefly tapping a four-month low as computer-generated selling offset support from weak U.S. payrolls data, but bullion was on track for its biggest weekly drop in more than three years.
                  A crash in the pound briefly sent gold priced in sterling to a three-month high.
Spot gold  was down 0.09 % at $1,252.71 an ounce by 3:11 p.m. EDT (1911 GMT), after falling 1 percent to $1,241.20, the lowest since June 8. It was on track to close the week down 4.8 %, its biggest drop since June 2013.

U.S. gold futures  for December delivery settled down 0.1 % at $1,251.90.

Spot gold's fall below the 200-day moving average on Thursday was "not a good sign," said Bill O'Neill, co-founder of LOGIC Advisors.spot, sterling-denominated gold was at 1,007.53 pounds an ounce, up 1.3 %, after surging 6.5 % to 1,059.06 pounds, its highest since mid-July.

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