Bengaluru — Gold dipped on Wednesday to a two-week low after an almost 1% decline in the previous session as increased investor appetite for risk boosted equities and dulled demand for safe-haven assets. Spot gold slipped 0.2% to $1,261.36/oz by 12.55am GMT. Prices touched a low of 1,260.90 earlier in the session, the lowest since April 11. Bullion fell 0.9% on Tuesday, the biggest one-day decline since early March. US gold futures were down 0.3% at $1,262.90/oz. Asian stocks extended gains for a fifth consecutive day on Wednesday as Wall Street hit new peaks. The Nasdaq Composite hit a record high on Tuesday, while the Dow and S&P 500 brushed against recent peaks as strong earnings underscored the health of corporate America. US consumer confidence fell from a more than 16-year high in April, but a surge in new home sales to an eight-month high in March suggested underlying strength in the economy. The threat of a US government shutdown this weekend appeared to recede on Tuesday af...
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