Skip to content
Subscriber Only

Gold Heads for Longest Slump Since August on Equity Rally

Gold futures fell, capping the longest slump since August, as a rally in global equities curbed demand for alternate investments.

The MSCI All-Country World Index of stocks rose to the highest since November 2007 as China’s manufacturing expanded at the fastest pace in five months. The Standard & Poor’s 500 Index extended a rally to a record. Increases in equities and the dollar curbed demand for gold, Barclays Plc said in a report.