USD 79.6845

+1.01

EUR 93.0237

+1.54

BRENT 42.02

+0.66

AI-92 43.38

-0.01

AI-95 47.42

-0.02

AI-98 53.51

-0.01

Diesel 47.42

0

88

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.