Economics
Gold Falls With Silver, Palladium as Global Equities Rise
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Gold futures fell the most in a week as a global equity rally cut demand for precious metals as alternative investments. Silver slumped to a three-month low, and palladium capped the biggest drop in six weeks.
The MSCI All-Country World Index of equities rose to the highest since January 2008. Investors awaited details of the last Federal Open Market Committee meeting to be published on Nov. 20. Janet Yellen, the nominee to replace Ben S. Bernanke as Federal Reserve chairman, signaled on Nov. 14 that she would continue record stimulus until the U.S. economy is stronger.