Gold Slides to Three-Month Low on Easing Ukraine Tension
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Gold fell to a three-month low on signs of calming tensions in Eastern Europe, damping demand for the metal as a haven asset.
Ukrainian President Petro Poroshenko said Russia has withdrawn more than two-thirds of its troops from his country, after a Sept. 5 truce signaled an end to the conflict that has killed at least 3,000 people. Gold prices are up 3.6 percent this year, paring gains of as much as 16 percent after violence also eased in the Middle East.