Gold Extends Decline as Dollar Strength Counters Stimulus Bets
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Gold fell for a second day, reversing an earlier advance, as the euro weakened against the dollar before finance ministers and central bank governors from the Group of Seven nations hold a call on Europe’s debt crisis.
Immediate-delivery gold slid as much as 0.4 percent to $1,612.80 an ounce and was at $1,614.70 at 4:14 p.m. in Singapore. The metal earlier climbed 0.3 percent along with Asian stocks and other commodities on speculation that policy makers from the U.S. to China will take steps to boost economies after data signaled slowing growth.