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Gold prices dropped in October 19 / October, to continue its losses for the third straight session. The yellow metal has registered a decline during the previous two sessions due to high data showed US consumer confidence, which may increase the likelihood of a rate hike in the United States. In numbers, the immediate delivery of the gold price fell by about 0.3% to $ 1173.3 per ounce. The decline in futures price of the precious metal by about 0.9% for up to $ 1172 per ounce.