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Gold Futures Decline as Haven Demand Ebbs Amid Europe Optimism

Gold fell after Dutch Finance Minister Jeroen Dijsselbloem discussed details for the European banking union project, adding to signs that the leaders will act to contain the region’s fiscal crisis and eroding demand for haven assets.

New rules on bank resolution, common standards for national deposit guarantees and a European bank resolution plan are due to be proposed in June, Dijsselbloem said today. The Standard & Poor’s 500 Index reached a record for a fourth straight session.