Gold Falls Most in Two Weeks as Putin Comments Sap Haven Demand
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Gold futures fell the most in two weeks as some signs of easing tensions in Ukraine diminished demand for the precious metal as a haven amid an equity rally.
Russian President Vladimir Putin said he isn’t seeking to split up Ukraine. Concern that a dispute over Crimea would further escalate sent gold yesterday to a six-month high. Data today showing muted U.S. inflation and a stabilizing housing market fueled speculation that the Federal Reserve will further pare monetary stimulus this week. The MSCI All-Country World Index of equities rose as much as 0.8 percent.