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London spot gold falls $65 an ounce behind U.S. gold futures

Kitco News

LONDON (Reuters) - The difference in the price of spot gold and U.S. gold futures widened to more than $65 dollars an ounce on Tuesday as a rush of buying met with poor liquidity in the London market.

Spot gold in London XAU= was up more than 3% at around $1,603 an ounce while March futures on the Comex exchange in New York GCc1 were up more than 6.5% at $1,670 an ounce at 1304 GMT.

The two instruments usually trade within a few dollars of one another.

Reporting by Peter Hobson, editing by Louise Heavens

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