Gold fell for the first time in four sessions on speculation a rally to the highest price in 11 weeks was overdone. Platinum also declined. Gold gained 4.4 percent in the previous three sessions and yesterday touched $892 an ounce, the highest since Oct. 10. The seven-day relative strength index for gold futures topped 70 yesterday, a signal that prices are headed lower in the near term. Gold is still poised for the eighth straight annual gain. “Gold is bouncing up against some resistance right here and needs to digest some of these gains,” said Stephen Platt, a commodity analyst at Archer Financial Services Inc. in Chicago. Gold futures for February delivery fell $1.60, or 0.2 percent, to $873.70 an ounce at 9:42 a.m. on the Comex division of the New York Mercantile Exchange. Silver futures for March delivery rose 10 cents, or 0.9 percent, to $10.91 an ounce. Platinum futures for April delivery fell $14.50, or 1.6 percent, to $908.90 an ounce on the Nymex. Palladium for March delivery dropped $3, or 1.6 percent, to $184 an ounce.

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