Gold Rallies Slightly, Investors Look to Equities

Reuters reported that gold gained some traction in Tuesday trading, but that investors were ultimately favouring equities.

As quoted in the market report:

Gold fell to as low as $1,569.94 an ounce and stood at $1,576.00 by 0628 GMT, up $ 2.91. It plunged to a 10-month low last week after an unprecedented monetary stimulus from the Bank of Japan and hopes for another European Central Bank rate cut failed to stem heavy selling of bullion by funds.

To view the whole Reuters report, click here.