Gold stifled by US growth optimism; fund outflows resume

Gold fell for a second session on Thursday, hurt by the Federal Reserve's vote of confidence in the U.S. economy and as outflows from the world's biggest bullion fund resumed after a 1-1/2 week pause. Spot gold fell 0.2 percent to $1,288.20 an ounce by 0632 GMT, after losing 0.4 percent on Wednesday. Trading was thin as several Asian markets, including China, Hong Kong and Singapore, were closed for the Labour Day holiday. "We remain slightly bearish on gold, as Chinese gold demand has weakened and safe-haven buying remains fleeting."



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