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Gold falls to 3-month low; Italy bond sale eyed

From moneycontrol.com

Gold fell to a three-month low on Thursday as prices were weighed down by a firm dollar, while investors remained cautious ahead of an important Italian bond auction later in the day. The dollar index traded steady after surging in the previous session, as investors grew increasingly nervous over the Italian bond auction scheduled on Thursday even after a strong sale of short-term bonds. Worries that the euro zone debt crisis was spinning out of control have depressed the financial markets in the past few months. Even gold, seen as a safe haven during economic woes, has succumbed to the gloom. Cash gold was headed ... (full story)

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