Gold falls as inflation persists

CHICAGO, Oct. 12 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Wednesday as economic data show inflation persists in the United States.

The most active gold contract for December delivery fell 8.5 U.S. dollars, or 0.5 percent, to close at 1,677.5 dollars per ounce.

The U.S. Labor Department reported Wednesday that the U.S. producer price index (PPI), a measure