(Reuters) - Gold on Wednesday hit its lowest level in more than three months as risk-averse investors hurried to unwind yen carry trades, while a stronger yen pressured Tokyo precious metals futures.
Spot gold fell as low as $638.90 an ounce, the lowest since March 14. It slipped to $641.80/642.50 as of 0243 GMT, from $642.00/642.60 late in New York on Tuesday, when it plunged more than $10.
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Spot gold fell as low as $638.90 an ounce, the lowest since March 14. It slipped to $641.80/642.50 as of 0243 GMT, from $642.00/642.60 late in New York on Tuesday, when it plunged more than $10.
Read more at Reuters Africa
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