FRANKFURT (MarketWatch) -- Gold futures traded lower Wednesday, under pressure as Asian and European equities posted strong gains and U.S. stock index futures pointed to a higher open for Wall Street, undercutting safe-haven demand for the yellow metal. Gold for December delivery GC1Z -1.44% fell $24.40 to trade at $1,848.90 an ounce in electronic trade. Gold hit an intraday record of $1,923.70 an ounce on Tuesday but settled lower after fears of a steep fall in U.S. stocks didn't materialize.
