Asia Markets: Gold pulls back but stays above $1,600

http://economicrisis.com/asia-markets-gold-pulls-back-but-stays-above-1600/889

Asia Markets: Gold pulls back but stays above $1,600

SYDNEY (MarketWatch) — Gold futures pulled back on Wednesday in Asia, with investors taking a breather a day after pushing the precious metal to its best one-day gain so far this year.

Gold for delivery in April GCJ3 -0.38% dipped $3.90 to $1,611.30 an ounce in electronic trading in Asia hours on Wednesday.

In the previous session, the metal rose $28.90, or 1.8%, to settle at $1,615.50 an ounce on the Comex division of the New York Mercantile Exchange, vaulting over the $1,600 an ounce mark.
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