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Gold prices slide to six-month low

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Reuters Delhi, India
Last Updated : Feb 15 2013 | 5:32 PM IST

LONDON (Reuters) - Gold prices fell to a six-month low of $1,625.44 an ounce on Friday, pressured by a strengthening dollar versus the euro, and after physical demand dried up this week during the Lunar New Year holiday in key Asian markets.

Thin trading conditions have exacerbated price swings, traders said, leaving gold on track for its biggest weekly drop since June, down 2.4 pct.

Spot gold was down 0.5 percent at $1,625.69 an ounce at 1011 GMT, while U.S. gold futures for December delivery were down $9.00 an ounce at $1,626.50.

(Reporting by Jan Harvey; Editing by Alison Birrane)

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First Published: Feb 15 2013 | 5:03 PM IST

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