USD 63.8487

-0.37

EUR 70.5975

-0.34

BRENT 64.63

-0.05

AI-92 42.38

0

AI-95 46.11

0

AI-98 51.86

+0.01

Diesel 46.16

+0.01

18

Gold On Its 13yrs Decline

Gold and other precious metal prices tumbled

Gold tumbled overnight to its 13 years-biggest decline overnight.

By midafternoon in New York, spot gold was down more than $US20, or 3.4 per cent lower, at $US549.80/550.70 an ounce. On Monday New York gold futures closed on $US570.00/570.90 an ounce.

The move was its biggest one-day decline in dollar terms in nearly 13 years, according to Reuters charts.

Tensions over Iran's nuclear ambitions had pushed gold to a 25-year high of $US574.60 last week.

"Whether the metal stabilises here or falls further depends a little bit on the (physical) demand," said Wolfgang Wrzesniok-Rossbach, head of precious metals marketing at Germany's Heraeus.