Gold Edges Down as Stocks Find Their Footing

By Anonymous

The equities selloff earlier in the week had shaken the precious metal from its recent torpor

LONDON—Gold relinquished some its recent gains Friday as broader markets stabilized, prompting investors to unwind some of the haven asset purchases made amid the sharp equities selloff on Thursday.

The precious metal was down 0.5% at $1,218.70 a troy ounce in midmorning trading, edging away from the near-three-month high it hit earlier in the week.