LONDON—The spot price of gold fell as investors turned cautious ahead of a meeting of Group of Seven leading industrial countries.
The fall in gold came despite weaker stock markets. The metal usually acts as a haven in times of uncertainty.
Ahead of the New York day, spot gold was down $37.20, or 2%, at $1,832.40 a troy ounce.
G-7 officials will meet in Marseilles Friday and over the weekend, and investors will be watching for any hints that action may be taken to revive economic growth, analysts and traders said.
Among other precious metals, spot silver was down 89 cents, or 2.1%, at $41.45 an ounce, spot platinum was down $29, or 1.6%, at $1,831 an ounce and spot palladium was down $5, or 0.7%, at $748 an ounce.
Write to Rhiannon Hoyle at rhiannon.hoyle@dowjones.com
