Gold On 2 Months Low

Precious metals plummeted on Tuesday on stronger US dollar and weak oil prices, with gold sinking to a two-month low and silver tumbling more than five percent.

Spot gold fell as low as $590.15, the lowest since April 10, and was at $590.75/591.75 by 0934 GMT, compared with $605.60/606.30 late in New York on Monday.

Gold shot to a 26-year peak of $730 a month ago but has fallen 19 percent since then, but still up 14 percent from the start of the year.