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Gold Futures Sag Most in a Week as Oil, Equities Gain

  • S&P Index recovers from 21-month low as energy shares advance
  • Exchange-traded holdings still set for biggest gain in 4 years
Corrected

Gold futures fell the most in a week as crude oil rose and a rally in U.S. shares lifted global equities from the brink of a bear market, reducing demand for haven assets.

The Standard & Poor’s 500 Index of equities recovered from a 21-month low as energy shares rallied. European equities advanced the most in a month amid speculation that the region’s central bank may add stimulus to combat disinflation.