Gold dropped 0.7%, to $1,229.40 a troy ounce. The dollar gained against the yen and euro. European markets were broadly higher following better-than-expected (visit) data out of Germany. The Stoxx Europe 600 gained 0.7% to close at its highest level since May 2008. Germany’s DAX index climbed 0.8%, France’s CAC-40 tacked on 0.8%, and the U.K.’s FTSE 100 rose 0.4%. December jobless claims in Germany fell by 15,000 on the month versus expectations of no change. In addition, German retail sales in November rose more than expected.
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