Gold for immediate delivery declined 0.2 percent to $1,615.20 an ounce, while bullion for February delivery in New York traded little changed at $1,616.40 an ounce. Silver for March delivery advanced 0.2 percent to $28.745 an ounce.

To contact the reporter on this story: Phoebe Sedgman in Melbourne atpsedgman2@bloomberg.net

To contact the editor responsible for this story: Soraya Permatasari atsoraya@bloomberg.net

http://www.bloomberg.com/news/2012-01-08/spot-gold-declines-for-a-second-day-dropping-0-2-to-1-615-20-an-ounce.html

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