Gold slips below $1400 as stops trigger

FRANKFURT (Aug 30)  Spot gold is back below $1,400/oz in Europe, softening after the UK Parliament voted against a military intervention in Syria, denting demand for traditional safe haven assets such as bullion. Gold price fall has been exacerbated by technical chart-based trading, say brokers, who note the large number of stop loss orders--below $1,400/oz. Investors are also likely closing long positions ahead of the long weekend in the U.S., traders say. Spot gold is 0.8% lower at $1,397.60/oz.