Gold Prices Slip on Strong Dollar, Stocks Rebound – Wall Street Journal

Gold prices edged lower on Wednesday as a stronger dollar and gains in equity markets tempered investor appetite for the haven asset.

The most actively traded contract, for December delivery, was recently down 70 cents, or 0.1%, at $1,139.10 a troy ounce on the Comex division of the New York Mercantile Exchange.

Gold rallied to a one-week high on Tuesday as turbulence in global stocks and fears of an economic downturn in China…