Gold tumbled to its lowest price in nearly six weeks as large sell order and a stronger dollar hit sentiment on Monday, though losses were limited by political uncertainty around the world.
Spot gold was down 1.2% as $1241.25 an ounce at 1135 GMT, having dropped as far as $1238.75, its lowest since May 17.
The stronger U.S currency was also a negative for gold manking the dollar-denominated metal more expensive for holder of the currencies, potentially subduing demand
Spot gold was down 1.2% as $1241.25 an ounce at 1135 GMT, having dropped as far as $1238.75, its lowest since May 17.
The stronger U.S currency was also a negative for gold manking the dollar-denominated metal more expensive for holder of the currencies, potentially subduing demand
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