Gold and stocks often move in opposite directions as some traders view the precious metal as a store of value, while stocks are seen as a bet on stronger economic growth.
Gold for April delivery, the most active contract, fell $US1. 80, or 0. 1 per cent, to settle at $US1,262. 70 a troy ounce on the Comex division of the New York Mercantile Exchange on Thursday.
“People were pretty headstrong that rate increases were coming by June, then it got moved to October, and now people are getting a lot of mixed signals about the timing of it,” said RJO Futures senior commodities broker Bob Haberkorn.
A NOTE ABOUT RELEVANT ADVERTISING: We collect information about the content (including ads) you use across this site and use it to make both advertising and content more relevant to you on our network and other sites.
Read more here: Business Spectator