Metals Stocks: Gold futures’ stock-driven run pauses after 5 days

Gold futures fell Thursday, threatening to end a run of five straight daily gains, in reaction to a sharp slump in global equities.

Stocks were confined to tight ranges early Thursday, which cut some of the aggressive demand for gold as a short-term refuge amid a risk-off market sentiment shift. The battered dollar also improved Thursday.

Still, the “haven” demand underpinning gold remained a key theme as global markets prepared for the outcome of a major policy test for the Trump administration and a Republican-led Congress.

April gold GCJ7, +0.18% slipped 20 cents, or less than 0.1%, to $1,249.30 an ounce.

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