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Gold ticks lower on increased risk appetite; investors await U.S. economic data
Gold prices eased on Tuesday, as improved risk appetite lifted global equities, while investors awaited a series of U.S. economic data later this week that could shape the outlook for U.S. interest rates. Spot gold fell 0.5% to $5,040.47 per ounce by 0900 GMT. It had scaled a record high of $5,594.82 on January 29. U.S. gold futures for April delivery lost 0.3% to $5,062.60 per ounce. "The start of the week has been marked by a resurgence in risk appetite across financial markets, reflected in gains in equity indices, which has weighed on gold prices," said ActivTrades analyst Ricardo Evangelista. Global stocks ... (full story)
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