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Gold falls on easing geopolitical risks, stronger US dollar
Gold extended losses on Tuesday, pressured by easing geopolitical tensions in Iran and Russia, as well as a stronger dollar, with investors awaiting the minutes of the January FOMC meeting, due later this week. Spot gold dropped 0.8% to $4,953.90 per ounce by 0345 GMT, after losing 1% earlier in the session. US gold futures for April delivery lost 1.5% to $4,972.90 per ounce. “It (gold) is not really going very far because it doesn’t look like the (geopolitical) risk is really expanding beyond very much,” said Ilya Spivak, head of global macro at Tastylive.“Those FOMC minutes and some insight into the Federal ... (full story)
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