| 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 10:31 a.m. in Singapore, after climbing 0.5 percent yesterday. Bullion is 6.1 percent lower in May for its biggest drop this year as the dollar rallied 5.4 percent against a six-currency basket including the euro...............................................Full Article: Source
|