Spot gold was down 0.3 per cent at $3,027.90 an ounce as of 0331 GMT, after dropping over 1 per cent earlier in the session to its lowest
Over the next two years, per-capita income growth in emerging market and developing economies is projected to average 2.8 per cent, a full percentage point lower than the 2010-2019 average
Renewed strength in the greenback has now seen bullion tumble more than 20 per cent since a March peak
Global economic expansion will likely slow to 3.2 per cent this year, less than the 3.6 per cent forecast by the fund in April
A hard landing is likely unless something happens to kickstart global growth, writes Reuters columnist John Kemp