Gold declined for a fifth day in the worst run since February on further outflows from exchange-traded products and as the dollar’s strength hurt commodities. Silver, platinum and palladium retreated. Gold for immediate delivery fell as much as 1.1 percent to $1,409.92 an ounce, the lowest price since April 23, and traded at $1,410.50 at 3:16 p.m. in Singapore. Holdings in exchange-traded products dropped to 2,219.71 metric tons yesterday, the least since July 2011, according to data compiled by Bloomberg. Gold has retreated 16 percent this year, tumbling into a bear market last month, as some investors lost faith in the metal as a store of value and equities rallied. Holdings in ETPs have shrunk at a record pace, losing 412 tons, or 16 percent in 2013. Oil and copper also fell today as the dollar climbed for a fifth day against a six-currency basket including the euro. “The dollar’s strength poses a risk to commodities,� said Feng Liang, an analyst at GF Futures Co. in Guangzhou, a unit of China’s third-biggest listed brokerage. “Sentiment in the gold market is hurt by continued ETF liquidation.� U.S. funds are due to file their quarterly 13F reports this week, detailing changes in their positions, including in the SPDR Gold Trust, over the first three months of the year. The SPDR is the largest gold-backed ETP. Gold for June delivery lost as much as 1.1 percent to $1,408.40 an ounce on the Comex, and was at $1409.80. While the selloff has been faster than expected, further declines in ETP holdings will probably drive more price losses, Goldman Sachs Group Inc. analysts including Jeffrey Currie wrote in a report. Silver dropped 1.8 percent to $22.995 an ounce, while platinum declined 0.5 percent to $1,493.20 an ounce. Palladium decreased 1.6 percent to $718.81 an ounce. To contact the reporter for this story: Glenys Sim at gsim4@bloomberg.net To contact the editor responsible for this story: James Poole at jpoole4@bloomberg.net

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