Gold falls from 3-month high on stocks as advance curbs demand

LONDON: Gold today declined from the highest price since November as rising equities cut demand for a haven and on speculation the metal’s advance will deter physical purchases.
Gold fell by 0.4 per cent to $1,285.97 an ounce. It reached $1,293.93 yesterday, the highest since November 14. Silver also fell 0.4 per cent to 20.14 dollar an ounce, after an eight-day advance that was the longest since August 16.
Meanwhile, global equities climbed to the highest level in more than two weeks.
— Agencies