Gold slides to 2-month low, investors quit commods

LONDON, June 13 (Reuters) Spot gold fell to its weakest since mid-April at 1.60 a troy ounce early on Tuesday in Europe, dragged down by a wider commodities sell-off as investors shift money out of higher risk assets.

By 0639 GMT, bullion was indicated at 3.40/594.10 an ounce, down sharply from New York's late quote on Monday of 5.60/606.30.

Other metals were also hit, with silver sliding to an 11-week low and palladium a 3-month trough. Base metals and oil also fell.

Uncertainty over the outlook for interest rates and a firmer dollar have triggered a correction in commodities prices in recent days.

REUTERS CS SND1325