Gold fell for the second time in three days as inflation in China topped economist estimates, increasing concern that officials may curb stimulus.

China’s inflation accelerated to a seven-month high in December, the National Bureau of Statistics said today. Bullion climbed 7 percent last year, a 12th straight gain, as central banks in Europe, the U.S. and China increased stimulus measures to boost economies. The Asian country is the world’s biggest bullion buyer after India.

Gold futures for February delivery dropped to $1,655.40 an ounce on the Comex in New York. A close at that price would be the biggest loss since Jan. 4. Yesterday, the price touched $1,678.80, the highest in a week.