Tuesday, 22 April 2014 00:23
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REUTERS: Gold fell to a two-and-a-half-week low in choppy and thin holiday trade on Monday, hurt by sharp outflows from the world’s biggest bullion-backed exchange-traded fund (ETF) and a stronger dollar.
The metal was also hurt by a spurt of technical selling after it was unable to hold on to the $ 1,300-an-ounce level hit early in the trading session.
Spot gold fell to a two-and-a-half-week low of $ 1,281.40, before pruning the losses to trade down 0.6% at $ 1,286.30 by 0641 GMT.
