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Gold futures finished lower in the domestic market on Tuesday tracking a bearish trend in the overseas market as investors and speculators exited positions in the precious metal as a jump in equities dimmed the appeal of the yellow metal as an alternative investment.
Better than expected US factory data and fresh stimulus from China helped ease concerns over global economic growth, dimming the luster for safe haven avenues such as Gold and powering a rally in equities with Wall Street rallying to a seven- week high.
The cut in reserve requirements for banks by China raised optimism over the outlook for the world’s second biggest economy, bolstering risk taking appetite and eroding safe haven appeal for the bullion.
Better than expected US factory data and fresh stimulus from China helped ease concerns over global economic growth, dimming the luster for safe haven avenues such as Gold and powering a rally in equities with Wall Street rallying to a seven- week high. 
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