Gold trades near one-week low as Asian holiday may curb demand

London, Feb 11 (Bloomberg) Gold today declined to near a one-week low on speculation that physical demand will slow during this week�s Lunar New Year in Asia. The gold fell 0.2 per cent to 1,663.53 dollar an ounce. Prices reached 1,662.09 dollar, the lowest since February 4. Silver also slipped 0.1 per cent to 31.37 dollar an ounce. China, 2011�s second-biggest gold buyer, after India, and most Asian markets closed for this week�s holiday. Gold is down 0.7 per cent this year after rallying for a 12th straight year in 2012 as nations from the US to China pledged more steps to boost economic growth. (Bloomberg) RS MR 02111818 NNNN