Economics
Gold Declines as Improving Economy Curbs Investment
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Gold declined as signs that the U.S. economy is improving curbed its appeal as an alternative investment and as some investors deemed last week’s rally to a record to be overdone. Silver, platinum and palladium also fell.
Immediate-delivery bullion lost as much as 0.9 percent to $1,417.22 an ounce, and traded at $1,417.86 at 3:18 p.m. in Singapore. The price, which reached a record $1,447.82 on March 24, is little changed this quarter. The April-delivery contract dropped 0.6 percent at $1,419.2 on the Comex in New York.