Gold Rallies as Stocks Pull Back

Reuters reported that gold rallied on Wednesday after experiencing the biggest drop since mid-February in the previous session.

As quoted in the market report:

The metal hit a 3-1/2 week low in early trade on Wednesday but clawed back those losses as U.S. and European stock markets eased and after weak readings of U.S. private sector employment and Institute for Supply Management (ISM) service sector activity.

To view the whole Reuters report, click here.