Gold futures fell 1% Thursday as global stocks rallied on hopes for an economic recovery in the second half of the year, reducing gold's investment appeal. Copper gained more than 2%. Gold for June delivery lost $9.40, or 1%, to $891.10 an ounce in early North American electronic trading. July copper gained 4.9 cents, or 2.4%, to $2.054 a pound. Gold was "facing more headwinds on better stocks,less haven buyers," said George Gero, a precious-metals trader for RBC Capital Markets. However, "if there is a rally over $910, we could see a higher trading range."
