Tuesday 22 April 2014

Gold extends losses to 4th day as fund outflows

Gold extended losses into a fourth session on Tuesday and hovered near its lowest in 2-1/2 weeks on further outflows from bullion-backed funds and stronger equities. Geopolitical tensions in Ukraine failed to lift gold’s safe-haven appeal, underscoring bearish sentiment in the market. Spot gold fell 0.2 per cent to US $1,286.65 an ounce by 0312 GMT. The metal declined to US $1,281.40 the day before - its lowest since April 3.   read more

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