Gold tumbled to its lowest in six weeks on Monday as the carnage on equity markets infected sentiment for the precious metal and investors sold to cover their losses, analysts said.
Anglogold Ashanti lost 4.2% and Australia's Newcrest Mining was down 1.5%.
Spot gold was down at $636.20/636.90 an ounce by 11:30 GMT, up from $635.70, the lowest since January 23, but down from $643.10/643.80 late in New York on Friday.
Gold has lost around 7% since hitting a nine-month high of $689 an ounce on February 26.
Read more at FIN24.co.za
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