Gold trades near 4-month low as higher equities curb demand

Gold steadied after a five-day losing streak on Tuesday but was still trading near its lowestlevel in four months as stronger equities dented the metal's investment-hedge appeal.    Spot gold was flat near $1,244.46 an ounce by 0018 GMT. The five-day decline before Tuesday is the metal's longest losing streak in nearly seven months.A global gauge of equities edged up to a more than six-year high on Monday after strong Chinese...

WTI Rises From One-Week Low on China Factory Data; Brent Slips

West Texas Intermediate crude rebounded from its lowest close in more than a week after manufacturing expanded at the fastest pace this year in China, the world��s second-biggest oil consumer. Brent slipped as Libya said one of its ports would reopen. Futures gained as much as 0.6 percent in New York. China��s Purchasing Managers�� Index climbed to 50.8 in May, the National Bureau of Statistics and China Federation of Logistics and Purchasing...

Dollar Near Three-Month High Versus Euro on Diverging Outlooks

The dollar was within 0.1 percent of the strongest in three months versus the euro as an increase in Treasury yields and jobs data tomorrow predicted to show an improving labor market boosted the U.S. currency.Demand for the single currency was limited before a report today projected to show euro-area inflation slowed in May, strengthening the case for the European Central Bank to expand easing on June 5. Australia��s dollar held a drop...

WTI Oil Swings as Near-Record U.S. Crude Supplies Seen Dropping

West Texas Intermediate swung between gains and losses amid speculation that crude supplies near a record fell in the U.S., the world��s biggest oil user.Futures were little changed in New York after slipping a second day yesterday. Crude inventories probably shrank by 1 million barrels last week, according to a Bloomberg News survey before an Energy Information Administration report tomorrow. Libya��s Hariga oil export port may re-open...

Gold Caps Longest Decline Since August on Global Equity Rally

Gold futures fell, capping the longest slump since August, as a rally in global equities curbed demand for alternate investments.The MSCI All-Country World Index of stocks rose to the highest since November 2007 as China��s manufacturing expanded at the fastest pace in five months. The Standard & Poor��s 500 Index extended a rally to a record. Increases in equities and the dollar curbed demand for gold, Barclays Plc said in a report.The...