Gold prices decline in Asia

Gold prices decline in Asia

On Tuesday, gold sank moderately, with markets on watch for further developments on the Korean peninsula. However, traders noted strong equity markets as well as investor confidence.

In New York, June deliver gold futures dropped 0.15%, trading at $1,275.65 a troy ounce. Meanwhile, silver futures added 0.16%, being worth $17.960 a troy ounce. As for copper futures, they leapt 0.78%, hitting $2.586 a pound.

Overnight, gold prices dipped, as market participants pulled out of safe-haven assets, including gold, after pro-European nominee Emmanuel Macron managed to dominate the first round of the French presidential election.

Gold faced its biggest sag for over a month, declining more than 1%, after surveys showed Mr Macron would emerge victorious against anti-EU nominee Marine Le Pen during the run-off vote to take place on May 7.

The decrease in gold prices was capped by greenback weakness as well as ascending geopolitical tensions.

Similar

Gold moves down

On Friday, gold declined, simultaneously trying to preserve its weekly profits because the USD index jumped, offsetting its abrupt weekly dive…

Latest news

Greenback edges down

On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera