Gold Hovers Near Three-Week Low On Rally In Equities

Precious-Gold held near its lowest level three weeks on Wednesday on optimism reform measures China and Japan would bolster Asia's no.1 and no.2 economies. The yellow metal hit a low of $1120.53 an ounce, while it currently trading at $1121.47, after opening at $1121.53. Investors' attention have turned once again on equities as China vowed to strengthen its fiscal policy, boost infrastructure spending and speed up tax reforms to revive its slowing economy.

from Energy and Metal Commentaries http://ift.tt/1OcrWKG