Gold falls more than 2 pct as funds cash in

Thu Mar 20, 2008 1:02am GMT
 
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SINGAPORE (Reuters) - Gold tumbled more than 2 percent to its lowest level in a month on Thursday as funds cashed in after pushing the metal to an historical high this week.

Gold XAU= fell as low as $922.90 an ounce, its lowest level since February 20, down from $944.20/945.00 late in New York on Wednesday and off Monday's record high of $1,030.80 an ounce.

(Reporting by Lewa Pardomuan; Editing by Tomasz Janowski)

 
Detail showing a commercial U.S. Dollar rate against British Sterling is displayed in central London in this file photo December 1, 2006.  REUTERS/Toby Melville
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