Asian investors turn into sellers of gold ETFs as market rally slows

Demand appears to be sluggish in China and India, the two major markets

More retail investors in Asia are seeing gold as an investment opportunity rather than a safe-haven asset. (Photo by Miki Kamiyama)

TOKYO -- Gold prices have been falling as expectations build for U.S. interest rate hikes and investor attention turns toward stocks, and as Asian investors who were previously purchasing gold exchange-traded funds (ETFs) become more bearish.