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Gold prices drop as trade hopes stoke risk appetite

From reuters.com

Gold prices slipped for a fourth straight session on Tuesday as recent upbeat economic data and signs that Washington and Beijing were making headway in a nearly year-long tariff skirmish boosted risk sentiment. Better economic conditions stoke investors to pivot towards equities that are interest-bearing assets, and shun the non-yielding bullion. Spot gold was down 0.2 percent at $1,285.22 per ounce, as of 0532 GMT. In the previous session, the bullion dropped to $1,281.96, its weakest since April 4. U.S. gold futures shed 0.3 percent to $1,288 an ounce. “The main reason what pressures gold is the improved economic ... (full story)

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  • Category: Fundamental Analysis