Gold slides for third day as speculation grows that Britain will stay in EU

Singapore

GOLD fell for a third day on speculation that Britain will probably vote to stay in the European Union in a referendum on Thursday, undercutting demand for haven assets.

Bullion for immediate delivery dropped as much as 0.5 per cent to US$1,261.27 an ounce, the lowest price since June 9, and traded at US$1,263.29 at 2pm in Singapore, according to Bloomberg generic pricing. A third day of losses would be the worst run since May.