(Bloomberg) -- Gold fell in Asia on buyer
speculation the precious metal's gain for two straight sessions
was overdone. Tokyo gold futures gained.
Gold had risen on speculation higher oil costs will revive
demand for the metal as a hedge against inflation. Bullion rose
1.3 percent in two days after closing at $640.90 on June 26.
Read more at Bloomberg Commodities News
speculation the precious metal's gain for two straight sessions
was overdone. Tokyo gold futures gained.
Gold had risen on speculation higher oil costs will revive
demand for the metal as a hedge against inflation. Bullion rose
1.3 percent in two days after closing at $640.90 on June 26.
Read more at Bloomberg Commodities News
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