Taurus Shuts Gold Fund on Investor Redemptions After Price Slump

Taurus Shuts Gold Fund on Investor Redemptions After Price Slump

Carla Gottgens/Bloomberg

Gold for immediate delivery, which rallied for a 12th year in 2012, traded at $1,405.40 an ounce at 2:08 p.m. in Singapore after losing 16 percent this year.