Gold drifts lower, tracks euro weakness on Spain

Gold drifted lower on Monday after posting its biggest quarterly rise in more than two years, tracking a weaker euro as Spain’s struggle to control its finances remained in focus. Spot gold had lost 0.3 per cent to US$1,764.69 an ounce in early Asian trade, after finishing the last quarter up nearly 11 per cent -- its biggest quarterly rise since the second quarter of 2010.

via Business feed http://www.scmp.com/business/money/market-snapshot/article/1051414/gold-drifts-lower-tracks-euro-weakness-spain