Gold for immediate delivery declined as much as 0.3 percent
to $1,478.20 an ounce, the cheapest since May 2011, and was at
$1,487.05 by 7:31 a.m. in Singapore. Prices fell to $1,483 on
April 12, down 22 percent from a record close of $1,900.23 in
September 2011, meeting the common definition of a bear market.