(Bloomberg) -- Gold declined as rallying stock
markets may erode investor demand for the precious metal. Silver
gained.
Investor demand for gold fell 26 percent in the first
quarter from a year earlier, the producer-funded World Gold
Council said last week. Gold has dropped 3.9 percent the past two
weeks, the longest slide since December. The Dow Jones Industrial
Average has climbed for seven weeks to a record.
Read more at Bloomberg Commodities News
markets may erode investor demand for the precious metal. Silver
gained.
Investor demand for gold fell 26 percent in the first
quarter from a year earlier, the producer-funded World Gold
Council said last week. Gold has dropped 3.9 percent the past two
weeks, the longest slide since December. The Dow Jones Industrial
Average has climbed for seven weeks to a record.
Read more at Bloomberg Commodities News
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