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Gold Bulls Are On The Run.
Gold on Monday plunged below $600 an ounce for the first time in more than two months, as investors weighed bullion's longer-term prospects in the face of a declining oil price.
Gold last sold for under $600 an ounce on June 30., when it cost as little as $596.85 an ounce.
Oil prices slipped under $66 on Monday, adding to last week's slide on an improved U.S. supply picture and signs of easing tension over Iran's nuclear programme.
Rising crude prices tend to spark inflationary concerns, sending some investors into safe-haven commodities, including gold.
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