Gold fell more than 1 percent on Wednesday, extending the previous day's hefty losses, as rising equities diverted some interest from the precious metal, and as investors remained wary of buying into the market after its recent sharp volatility. Spot gold was down 1.3 percent at $1,599.70 an ounce at 0932 GMT. It shed 2 percent of its value late on Tuesday to drop back below $1,600 an ounce, as investors sold stocks of the metal to cover losses on other markets as stocks slid. Silver also fell nearly 5 percent to a session low at $28.45 an ounce. It was later at $28.62, down 4.3 percent. Gains in European shares on ... (full story)