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PRECIOUS-Gold hits 3-year low, heads for worst quarter since 1968

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* Gold falls to 3-year low of $1,180.71 * Speculators in China selling gold - trader * Bullion down 25 percent in June quarter (Adds trader comments, updates prices) By A. Ananthalakshmi SINGAPORE, June 28 (Reuters) - Gold fell below $1,200 on Friday to its lowest since August 2010 and is on track to record its worst quarter since at least 1968 on persistent worries over the U.S. Federal Reserve's plan to wind down its monetary stimulus. Bullion has taken a beating since the beginning of last week - down 15...

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