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Gold May Fall in New York as Recovery Signs Curb Investment

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Bloomberg reports that Gold may decline in New York as signs of an economic recovery and higher equities curb investment demand for the metal.

Bloomberg reports that Gold may decline in New York as signs of an economic recovery and higher equities curb investment demand for the metal.

The market news is quoted as saying:

Spot gold was bid at $1,335.45 an ounce at 1551 GMT, against $1,340.45 late in New York on Tuesday. U.S. gold futures for April delivery fell $5.20 an ounce to $1,335.10.

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