Gold Falls From Record as U.S., Europe Stocks Rise, Dollar Gains
- Bullion jumped earlier with U.S. real yields at record low
- ‘We have definitely seen a loss of momentum,’ analyst says
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Gold slipped from a record as U.S. stocks rose on positive economic data and the dollar climbed.
Factories across the euro area posted a stronger return to growth in July than initially reported, marking the region’s first manufacturing expansion in more than a year. Factory managers in Asia had a modest pickup in activity in July on China’s demand.