Gold Slides to Six-Week Low as Commodity Demand May Drop
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Gold futures slumped to a six-week low as signs of slowing growth in China dimmed the outlook for commodities demand.
Foreign direct investment slid for the 10th time in 11 months, China’s government said today. The dollar gained as much as 0.4 percent against a six-currency basket on speculation this week’s European Union summit in Brussels will fail to provide clarity on potential financial aid for Spain. The Standard & Poor’s GSCI Spot Index of 24 raw materials tumbled as much as 1.4 percent.