Gold extended its losses after the biggest 6 weeks decline yesterday as the dollar gained
Gold extended its losses after the biggest 6 weeks decline yesterday as the dollar gained and some investors sold commodities to cover losses in equities.
The MSCI Asia Pacific Index slipped 4.8 percent to 134.55 at 11:59 a.m. in Singapore, bringing its loss this year to 15 percent.
Bullion for immediate delivery fell as much as $9.67, or 1.1 percent, to $855.33 an ounce, and stood at $861.36, 0.4 percent down, as of 12:03 p.m. in Singapore.
Gold has tumbled 5.8 percent from its all-time high of $914.30 an ounce reached Jan. 14.