Demand for Gold weakened amid Iran agreement

Source: Bloomberg
Spot gold slid 0.5% to $1,237.45 an ounce, trading at $1,243.36 as of 9:19 a.m. in Singapore, after it touched $1,236.88 last Wednesday, the four-month low, as Iran damped its nuclear program in middle-eastern region in return for easing sanctions on goods such as precious metals and oil, following the Sundays agreement with Security Councils and Germany. Bullion for February delivery declined 0.6% to $1,237.20 an ounce.

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