Gold Rallies as Equities Fall on U.S. Manufacturing Data
This article is for subscribers only.
Gold futures rallied from a four-week low as U.S. equities declined, boosting demand for the metal as an alternative investment.
The Standard & Poor’s 500 Index of equities erased an earlier advance after data showed U.S. manufacturing expanded less than forecast in December. Gold dropped 1.5% percent last year as the S&P 500, Dow Jones Industrial Average and Russell 2000 stock gauges climbed to records.