Gold today declined for a fourth day as signs that the US economy is

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improving and speculation of interest-rate increases curbed demand for the metal as an alternative investment.

Gold fell by $ 5.40, or 0.4 per cent, to $ 1,415.90 an ounce and silver fell 0.9 per cent to $ 36.74 an ounce.

US consumers boosted spending more than forecast in February as the economy grew at a faster rate in the fourth quarter than previously estimated.

Improving data has raised speculation the Federal Reserve may scale back its monetary stimulus. Gold reached a record $ 1,448.60 an ounce on March 24 as fighting in Libya, the Japanese nuclear crisis and concerns about European debt boosted demand for a protection of wealth.