Stock image: PA
Gold fell the most since October, retreating from a record above $5,500 an ounce as risk-off sentiment sparked a sell-off in metals with investors using them to cover losses in other assets such as equities.
A rebound in the US dollar yesterday helped drive down bullion by as much as 5.7pc in the biggest intraday drop since October 21, before tapering significantly. Silver dropped as much as 8.4pc. Copper traded on the London Metal Exchange gave up most of earlier gains.
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