Spot gold falls 1.1pc to $1,377.04/OZ

21 May, 2013

LONDON: Gold fell 1.1 percent to session lows on Tuesday as the dollar strengthened against a basket of currencies on uncertainty over the message that Fed Chairman Ben Bernanke will deliver when he speaks to the US Congress on Wednesday.

Spot gold fell as low as $1,377.04 an ounce. It traded at $1,377.59 by 0912 GMT, still down 1 percent. US gold for June delivery touched a low of $1,376 an ounce, and was later down 0.6 percent at $1,376.20.

Copyright Reuters, 2013

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