Economics
Gold Falls Most This Year as Euro Rebound Cuts Demand
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Gold futures fell the most this year on speculation that an election victory in Greece by the anti-austerity political party won’t result in the country’s exit from the euro zone, crimping demand for haven assets.
The euro rebounded from an 11-year low against the dollar as Greek Prime Minister-elect Alexis Tsipras pledged to keep the nation within the single currency area. Gold rose for three straight weeks partly as Europe’s flagging economy drove demand for a store of value.