The precious metal gold ended the day on a dull note

[gnutrade.satya]

The precious metal gold ended the day on a dull note as some investors unwound safe-haven trades and automatic sell orders were set off when prices slid past $1,250.0 an ounce. Gold was seen down when oil had firmed to a three-week high, US equities were up, and the euro edged down against the dollar, all factors that tend to undermine demand for gold as a safe-haven asset.
David Meger, Vision Financial Markets director of metals trading in Chicago said: "Gold was faltering on firmer equity markets and being viewed as less needed from a safe-haven perspective after the slightly stronger than expected U.S. data today".
Gold prices for December delivery slipped $6.60 to close at $1,250.90 an ounce.