(Bloomberg) -- Gold fell, erasing this week's gain, as increased equity prices reduced demand for the precious metal as an alternative investment. Silver was little changed.
Investment demand for bullion in exchange-traded funds watched by the World Gold Council dropped 1.2 percent in the past two weeks after gains in world equities. The U.K.'s benchmark FTSE 100 Index is heading for a weekly gain of 2.3 percent.
Read more at Bloomberg Commodities News
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