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LONDON, April 1: Gold tumbled to a two-month low below the key $900-an-ounce level on Tuesday as a jump in the dollar against the euro dampened the metal’s appeal as an alternative investment and triggered bullion selling.
Gold hit a low of $888.30 and was at $891.60/892.50 an ounce against $916.20/917.00 late in New York on Monday, when it fell 2 per cent. The metal has fallen about 14 per cent since hitting a record high of $1,030.80 two weeks ago.—Reuters
