World Economy

Gold Slides Below $1,300

Gold Slides Below $1,300Gold Slides Below $1,300

Gold fell from the highest in almost two years as traders pared bets on the outcome of next week’s UK vote on membership in the European Union, reducing demand for the metal as a haven. Gold for immediate delivery fell 0.4% to $1,286.20 an ounce in New York, according to Bloomberg generic pricing. The metal rose as much as 1.9% earlier, touching the highest since August 2014. Gold futures for August delivery rose 0.8% to settle at $1,298.40 an ounce on the Comex in New York. The metal pared gains in electronic trading after the close.