Gold Futures Post Biggest Slump in Seven Weeks Amid Equity Rally

Gains for equities are spurring investors to shun gold, with prices posting the biggest tumble in seven weeks.

As traders parse economic data for clues on whether U.S. growth is fast enough to warrant a rise in interest rates, advances for shares are diminishing gold’s appeal as an alternative. The metal is floundering, and it’s been almost two weeks since prices sustained a move in either direction for more than a day, the longest period since September, according to data compiled by Bloomberg.