| Gold prices fell for a second consecutive day yesterday – and are lower again on Wednesday morning – as improved sentiment on equity markets undermined a "safe-haven" rally. Amid a sharp drop on indices around the world since the start of the year, caused by brittle sentiment in China, turmoil in the Middle East and the latest slump in oil, the precious metal had rallied strongly.
After hitting a six-year low of $1,045 an ounce in December, it rose to a high of $1,113 earlier this week and remained at or around $1,100 for four sessions. But traders have gained some confidence as Chinese markets recovered ground on Tuesday and again overnight, triggered by official data revealing exports unexpectedly rose in December...............................................Full Article: Source
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