Gold was stuck firmly below $1,300 an ounce on Wednesday and - TopicsExpress

Gold was stuck firmly below $1,300 an ounce on Wednesday and looked likely to extend losses to a fourth session as strong U.S. economic data bolstered stock markets, dimming bullions appeal as a safe haven. Spot gold had slipped about 70 cents to $1,294.60 an ounce by 0026 GMT, after dropping 1.3 percent in the last three sessions. U.S. gold was steady at $1,296. U.S. housing starts surged to an eight-month high in July, suggesting the nations housing market recovery was back on track after stalling in the second half of last year. Reuters XAUUSD 1295.20 XAGUSD 19.43 (Bid Prices on Reuters at 0056GMT)

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