 "Gold slides from 9-week high")
Gold prices fell for the first time this year on Friday, after China's measures calmed markets. It was down one per cent at $1,097.30 an ounce at 1053 GMT, while US gold futures for February delivery were down $9.90 an ounce at $1,097.90.
"Concerns over China, and possibly the Middle East, have prompted some safe-haven demand. That has stirred the gold price," Capital Economics analyst Simona Gambarini said.
The precious metal has enjoyed its best week since August, rising almost 4 per cent as global equities and commodities sold off. Gold was the best performer in the Bloomberg Commodity Index, which tracks 22 materials. Gold sank 10 per cent in 2015, its third straight annual drop and worst streak since 2000.
