Bears return to bullion as bulls rush to more speculative assets, reverse expected


Spot gold was 0.4% lower at $1,294.26 per ounce as of12:06 p.m. ET (1606 GMT), after hitting $1,303.26 earlier in the session, its highest since April 11.

U.S. gold futures were down 0.5% at $1,295.1 an ounce.

"We are seeing a little readjustment because the dollar index is back up a little...