Gold falls as much as 2.7 percent; investors flee.

By Lewa Pardomuan SINGAPORE | Thu Apr 18, 2013 12:45pm IST (Reuters) – Gold slipped as much as 2.7 percent on Thursday as losses in other markets, prospects for easing inflation, and worries about central bank sales drove investors to sell bullion to raise cash, undermining the metal’s status as a safe-haven investment. The sharp drop in…

Bullion Bear-hugged!

Gold tumbled to the lowest price since July 2011, slumping into a bear market, on signs that investors are favoring the dollar and equities as the global economy recovers. Silver dropped the most since June. On Friday, gold collapsed to the lowest level since 2011, pressured lower by expectations that Cyprus may be forced into…