Gold falls in New York after Cypriot government signalled sale

Gold traded in New York declined for the third time in last four sessions on Wednesday after the Cyprus' government decided to sell part of its gold reserves and as the U.S. Dollar increased. Gold for delivery in June decreased by 0.2% to $1,384.30 on the New York's Comex at 8:48 a.m., while the May gold futures traded in London climbed 1.2% to $1,384.35.