Gold hits four-month low, longest losing streak in seven months

yashwantnaik

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LONDON (Reuters) - Gold fell for a fifth session on Monday, its longest losing streak in seven months, as rising stock markets diverted interest from bullion, and ahead of the latest European Central Bank policy meeting and key U.S. data this week.

Prices have fallen sharply after breaking through $1,285 an ounce on Tuesday, the lower limit of a range they had kept to for much of the previous month. They hit a low of $1,240.69 an ounce earlier on Monday, their weakest since late January.

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