Gold Declines on Speculation Recovery to Slow Stimulus

Gold fell to a six-week low in New York as signs of a U.S. economic recovery bolster the case for continued tapering of stimulus by the Federal Reserve.

American consumer spending, which accounts for almost 70 percent of the economy, rose in February by the most in three months as incomes increased, signaling that the economic momentum was returning after an unusually harsh winter. Incomes gained 0.3 percent.