Gold fell on Thursday, shrugging off weaker European equity markets as a rebound in oil prices from 12-year lows and a higher opening on Wall Street pointed to a recovery in risk appetite, blunting bullion’s appeal as a haven.
Spot gold was down 0.8 percent at $1,084.26 an ounce at 1430 GMT, while U.S. gold futures for February delivery were down $2.80 at $1,084.30.
The metal hit two-month highs at $1,112 last week as volatility in Chinese stocks battered appetite for risk, but trading has since been choppy. Stocks fell further in Europe on Thursday, but Wall Street opened higher.
via Reuters
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