Gold falls on higher PPI data

CHICAGO, Aug. 11 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange fell on Friday on slightly higher than expected rise in U.S. producer price index (PPI).

The most active gold contract for December delivery fell 2.30 U.S. dollars, or 0.12 percent, to close at 1,946.60 dollars per ounce.

The U.S. Labor Department reported Friday that U.S. PPI, a measurement of inflation be