Gold on Pace to Mark Longest Run of Monthly Declines in 16 Years

Reuters reported that gold is on track for its longest straight run on monthly declines in 16 years.

As quoted in the market report:

Spot gold fell 0.6 percent to $1,587.66 per ounce by 1536 GMT, on course for a monthly decline of around 4 percent. The embattled precious metal has been in the red for five straight months, the longest such losing streak since late 1996 to early 1997.

To view the whole Reuters report, click here.