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Gold weakens further as dollar marches on

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Gold weakens further as dollar marches on

Gold weakens further as dollar marches on
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Gold continues to lose its lustre for investors as the yellow metal fell to a near four-year-low on Monday, the run strengthened by feelings the US is about to hit the monetary brake.

Silver also tumbled, and is now at a five-year-low relative to gold, which hit $1,161.25 an ounce at one point.

The strength of the dollar is also hurting the price of gold, with the greenback now at a seven-year-high relative to the yen, and a two-year-high against the euro.