LONDON, Nov 16 (Reuters) - Gold extended its slide on
Tuesday, putting it on track for a third successive daily loss,
as the euro pared gains versus the dollar as investors fretted
about the unfolding Irish debt crisis.
Spot gold <XAU=> fell by as much as 0.6 percent to hit an
intraday low at $1,351.70 an ounce, its lowest in two weeks,
before recovering to trade at $1,353.20 by 1424 GMT, still
showing a 0.5 percent drop on the day.
The euro <EUR=> pared gains to trade flat against the
dollar, having earlier risen to a session high of $1,3654 as
pressure increased on Ireland to request aid over its debt
crunch in what the European Council's president called a
"survival crisis" for the single currency bloc and the wider
European Union. [ID:nLDE6AE2AI]
Gold, which trades usually inversely to the U.S. dollar, has
been caught up in a broad commodities sell-off which has offset
any lift it might have otherwise received from investors seeking
an alterntive to increasingly volatile currencies, stocks and
bonds.
(Reporting by Amanda Cooper)