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Gold loses some of its lustre, as price falls 5% in May

30 May 2012 Last updated at 02:41 BST

Gold isn't faring too well right now. Typically considered a safe haven investment, the precious metal is now set to post its biggest monthly decline since December.

Bullion prices have fallen more than 5% so far this month while the US dollar index has risen to a 20-month high.

The BBC's Rico Hizon asked Lynette Tan, and investment analyst at Phillips Futures, why gold has lost some of its lustre.