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    HomeNewsBusinessMarketsGold falls to 10-month low on weaker equities

    Gold falls to 10-month low on weaker equities

    Cash gold slipped 1 percent to its weakest in 10 months at $1,541.24 an ounce after a steep decline in equities and a disappointing U.S. private-sector job report.

    April 04, 2013 / 13:18 IST

    Cash gold slipped 1 percent to its weakest in 10 months at $1,541.24 an ounce after a steep decline in equities and a disappointing U.S. private-sector job report prompted investors to cash in bullion to cover losses.

    Gold, a traditional safe haven, also failed to capitalise on tensions in the Korean Peninsula, where North Korea has moved what appears to be a mid-range Musudan missile to its east coast, according to South Korea's Yonhap news agency.

    Also read: MCX GOLDPETAL April contract trades lower

    first published: Apr 4, 2013 08:39 am

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