The Euro Zone Crisis is even beginning to shake investor's confidence in Gold.
Gold prices fell 1 percent on Monday, in line with the euro, stocks and other commodities, as worries over the euro zone debt crisis and the impact of high crude oil prices on the fledgling economic recovery fuelled risk aversion.
Spot gold was down 0.9 percent at $1,764.80 an ounce at 1058 GMT, while U.S. gold futures for February delivery were down $10.30 an ounce at $1,766.10.
The precious metal struggled to maintain traction above $1,780 an ounce last week after rising more than 3 percent -- its best weekly performance since late January -- to its highest in three months.
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