Gold Declines as Equity Advances Curb Demand for Haven Assets
- Investors seen cashing in gains after extended rally: Meger
- Bullion-backed ETF holdings rise to highest since April 2014
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Gold futures had a fifth loss in six sessions as gains in equities reduced demand for the metal as a haven.
A gauge of global stocks touched the highest since early January, while the Standard & Poor’s 500 Index rallied to erase losses incurred during the worst-ever start to a year.