Gold slips to lowest level in 71/2 months

[LONDON] Gold fell to its lowest level in 7 1/2 months on Thursday, as European shares edged up and the dollar traded around a 14-month high while tensions in Ukraine seemed to be easing.

Spot gold slipped 0.4 per cent to US$1,243.25 an ounce by 1156 GMT, after dropping to its lowest since Jan 31 at US$1,238.86 in earlier trade.

US gold futures fell US$1.70 an ounce to US$1,243.70.

The dollar rose to a six-year high against the yen and was on track for a ninth consecutive week of gains against a basket...

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