Gold
fell from the highest in more than three weeks as gains in global
equities and the dollar reduced demand for the metal as a haven.
Gold
futures for June delivery slid 1 percent to settle at $1,248.30 an
ounce at 1:50 p.m. on the Comex in New York. The metal capped its first
loss in five sessions after reaching $1,264.70 on Tuesday, the highest
since March 18.
Holdings
in exchange-traded funds backed by gold climbed 1.3 metric tons to
1,765.7 tons on Tuesday, according to data compiled by Bloomberg.
Silver futures for May delivery added 0.6 percent to $16.325 an ounce on the Comex.
On the New York Mercantile Exchange, platinum advanced, while palladium declined.
Source: Bloomberg
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