Friday September 18, 2020

Gold heads for worst monthly run in 13 years

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.

31st May, 2012
Spot gold was little changed at $1,562.63 an ounce.

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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