Commodities
Gold falls back below $4,200
Gold dropped below $4,200 an ounce during the Asia-Pacific session, giving up recent gains.
The move came as early gains in the Nikkei faded and Nasdaq futures slipped ahead of chipmaker Micron's earnings report, reflecting a more cautious mood across markets.
For beginners Gold is traditionally viewed as a safe-haven asset, so its price reacts to shifts in investor risk appetite and moves in the dollar.