* Gold falls for 5th session, hits fresh 4-month low
* Asian shares firm on China PMI, Wall Street high
* Gold to decline to $1,229 -technicals
(Updates prices)
By A. Ananthalakshmi
SINGAPORE, June 2 (Reuters) - Gold slid for a fifth straight
session on Monday in its longest losing streak since November,
and hit a fresh four-month low, hurt by stronger global equities
and weak physical demand in Asia.
Spot gold fell to $1,240.69 an ounce, its lowest
since early February, before recovering slightly to $1,243.40 by
0633 GMT. The five-day fall is the metal's longest losing run
since October-November when it dropped for seven straight days.
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