BLBG:Gold Falls for Second Day as Equity Rebound Trims Haven Investment Demand
Gold fell for a second day as a rebound in equities trims demand by investors seeking to protect their wealth against declining currencies and economic turmoil.
Gold for immediate delivery shed as much as 0.7 percent to $1,861.95 an ounce by 12:22 p.m. Singapore time, after earlier gaining 0.3 percent to $1,880.40. Futures in New York lost as much as 2.9 percent to $1,818.20 an ounce.
To contact the editor responsible for this story: Glenys Sim at gsim4@bloomberg.net
