Gold declined for a fifth day in the worst run since February on further outflows from exchange-traded products and as the dollar’s strength hurt commodities. Silver, platinum and palladium retreated.
Gold for immediate delivery fell as much as 1.1 percent to $1,409.92 an ounce, the lowest price since April 23, and traded at $1,410.50 at 3:16 p.m. in Singapore. Holdings in exchange-traded products dropped to 2,219.71 metric tons yesterday, the least since July 2011, according to data compiled by Bloomberg.
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