Gold slips for 4th day on stronger equities


Spot gold had eased 0.2% to US$1,228.61 an ounce by 0032 GMT, after posting a weekly loss on Friday - AFP Photo.

SINGAPORE: Gold fell for a fourth straight session on Monday, edging closer to the key US$1,200-an-ounce level as strong global economic data and higher equities curb its safe-haven appeal.

Spot gold had eased 0.2% to US$1,228.61 an ounce by 0032 GMT, after posting a weekly loss on Friday. Gold isn't too far from a one-week low of US$1,226.17 reached last week.

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