Gold drops further in longest losing streak in nearly 7 months

Gold slid for a fifth straight session on Monday, in its longest losing streak since November, as investor sentiment was hurt by stronger global equities and weak physical demand in Asia. Spot gold eased 0.3 percent to $1,247.20 an ounce by 08:28 Singapore. It wasn't too far from a 4-month low of $1,241.99 hit on Friday.The 5-day fall is the metal's longest losing streak since October-November...

Gold Extends Drop as Equities Rally, Hedge Funds Cut Bull Bets

Gold extended its biggest weekly drop since March after the Standard & Poor��s 500 Index climbed to a record and hedge funds pared bets on a rally in the metal at the fastest pace this year as demand for a haven declined.Bullion for immediate delivery lost as much as 0.3 percent to $1,246.50 an ounce and was at $1,247.84 by 12:27 p.m. in Singapore, according to Bloomberg generic...

Dollar Rises Before U.S. Manufacturing, Euro-Area Inflation Data

The dollar strengthened before a U.S. report that analysts say will show manufacturing expanded at the fastest pace this year, highlighting the economic differences in the nation and the euro area.The euro was near its lowest level in three months versus the greenback before data tomorrow predicted to cement the mix of slow inflation and near-record unemployment that may spur the European Central Bank to act. The yen declined amid speculation...