13-08-2015 12:28 via news.yahoo.com

Gold dips as worries over China's yuan devaluation ease

By Jan Harvey LONDON (Reuters) - Gold fell on Thursday, snapping five sessions of gains, as concerns over further losses in the yuan after China devalued the currency this week eased, allowing stock markets and the dollar to rebound. Falling equities, dollar strength and speculation that the weaker yuan could delay a U.S. interest rate rise sparked a short-covering rally in gold this week after its recent drop to 5-1/2 year lows, pushing prices to their highest since mid-July. Spot gold was down
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