Gold prices fell in Asian trading on Wednesday rebounds for four straight sessions of gains through trading the last few days, owing to fears of global growth and renewed concerns about the debt crisis of the euro area.
The gold price fell for the immediate sale of 0.3 percent up to 1654.69 dollars an ounce by 0310 GMT time after it rose more than 1 percent in the previous session.
As futures fell U.S. gold for June delivery 0.28 percent to 1656.10 dollars an ounce, and on the other hand, prices rose U.S. Treasuries Tuesday driving revenue record of the decline in the level of 2 percent for the first time in more than four weeks as it reinforced concerns about the pace of global economic growth, demand the religion of the U.S. government, a safe investment vehicle.
However, the concern about the debt crisis of the euro area does not appear after the constant appetite of investors remember the religion of the Spanish and Italian government, which lifted the Spanish bond yields to near 6 percent.
A survey of the Central Bank of France published on Tuesday that the French economy did not record any growth in the first three months of the year, and that there are strong signs of recovery of activity in the coming months.
Chinese demand is still strong and the gold data showed that China imported in February, 39,663 kilograms of the precious metal from Hong Kong, an increase of 20 percent from the previous month