Gold Falls for Second Day as Equity Rebound Trims Haven Demand

Gold fell for a second day as a rebound in equities trims demand by investors seeking to protect their wealth against declining currencies and economic turmoil.

Gold for immediate delivery shed as much as 0.7 percent to $1,861.95 an ounce by 12:22 p.m. Singapore time, after earlier gaining 0.3 percent to $1,880.40. Futures in New York lost as much as 2.9 percent to $1,818.20 an ounce.

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