Gold at $1255 as Equities Rally

Gold settled lower on Tuesday after posting a 1 percent rally in the previous session, as steadier U.S. equities and a stronger dollar prompted investors to unwind some of their safety bets in bullion.

A resumption in wage talks between South Africa’s top platinum producers and their miners eased supply worries in platinum, briefly sending the metal to its lowest level this year.

On Monday, gold rallied after disappointing manufacturing data from the United States and China pummeled Wall Street, while jitters about emerging markets bolstered an investor flight to safety.

CNBC

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