Gold is poised for the worst run of monthly losses in almost 13 years as concern that Europe’s fiscal crisis is escalating drove investors to seek the dollar as a haven over the precious metal.
Spot gold was little changed at $1,562.63 an ounce at 10:31am in Singapore, after climbing 0.5 per cent yesterday. Bullion is 6.1 per cent lower in May for its biggest drop this year as the dollar rallied 5.4 per...
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