Yellow metal likely to decline further

BEIJING - Gold may extend its decline through the second quarter of this year on a stronger dollar and interest raise expectations, said analysts.

The budget crisis in Greece has undermined confidence in Europe and pushed the dollar higher. The higher dollar has also eroded demand for gold as an alternative investment.

The greenback has won the favor of investors and its strength will last for a few months, said Liu Xu, a senior analyst at China International Futures.