Gold
futures fell as U.S. equities climbed to a record and the dollar��s
rally curbed demand for the metal as an alternative investment.
The
Standard & Poor��s 500 Index of stocks topped 1,900 for the first
time, and the greenback climbed to one-month high against the euro. Gold
slumped 28 percent last year as equities surged to a record and
inflation remained muted. Declines may be limited as escalating tensions
in Ukraine spur haven demand.
Gold
futures for June delivery slipped 0.1 percent to $1,294.80 an ounce at
1:38 p.m. on the Comex in New York. Earlier, the price fell as much as
0.5 percent.
The
metal rose 7.7 percent this year on the Eastern European crisis.
œTerrorists attacked a Ukrainian army convoy near the separatist-held
city of Slovyansk, killing six people, Interfax reported, citing
Ukraine��s Defense Ministry.
Copy Source: Bloomberg
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