Gold for December delivery GCZ5, +0.02% declined $1.50, or 0.1%, to end at $1,116.90 an ounce after rising $5.70 on Monday.Still, Simona Gambarini, commodities economist at Capital Economics, said demand for gold is likely to pick up in the second half of the year as central banks “continue to diversify away from the U.S. dollar.”
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