Economics

Gold Drops to Two-Week Low as Equity Advance Curbs Haven Demand

  • Stock markets supported by better-than-estimated earnings
  • Gold still up 26% this year amid Brexit fallout, Fed outlook
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Gold dropped to a two-week low as high-flying equities, fueled by better-than-estimated earnings that pointed to economic resilience, damped the metal’s appeal as a haven.

QuickTake Gold’s Ups and Downs