The gold price has fallen to its lowest in more than five years as talk of a US interest rate rise this year has led investors to sell the precious metal.
The price fell 4% to as low as $1,088.05 (£697) an ounce in Asian trade – the lowest since March 2010.
Investors turned to the US dollar, which rose on the likelihood of the Federal Reserve raising rates because of a stronger US economy.
Investors generally buy gold during times of uncertainty.
Monday was the first time the metal has traded below the key threshold level of $1,100 since 26 March 2010.
The price of platinum also fell 5% to its weakest since the global financial crisis.
via BBC 
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.