Gold declined on Monday as Japanese equities rose on news of a potential stimulus program that boosted investors™ risk appetite, though fresh tensions over Hong Kong limited the metal™s fall.
Spot gold was down 0.5% at $1,726.18 per ounce by 0512 GMT. U.S. gold futures were fell 0.5% to $1,726.60.
Gold on Friday rose as much as 0.8% to touch $1,739.51, before paring gains.
Japan is considering fresh stimulus worth over $929 billion, which mostly consists of financial aid programs for...
Gold fell over 1% on Tuesday as major economies further eased coronavirus-linked restrictions, fuelling hopes for economic recovery and bolstering risk appetite.
Spot gold slipped 1.1% to $1,710.95 per ounce, having earlier hit a low since May 13 at $1,708.47. U.S. gold futures settled down 1.7% at $1,705.60.
U.S. stocks surged as investors grew optimistic about business restarts and a potential coronavirus vaccine.
Elsewhere, palladium dropped 1.3% to $1,966.43 per ounce, platinum fell...
Gold futures lost some ground Tuesday as global equities rallied in response to easing business lockdowns as the pandemic recedes and encouraging reports of progress toward a COVID-19 vaccine, dulling the yellow metal™s haven appeal.
Gold for June delivery on Comex fell $10.60, or 0.6%, to $1,724.90 an ounce, while July silver was up 9.7 cents, or 0.5%, at $17.79 an ounce.
Gold is trading "in a scenario where investors are looking for fresh stimuli to move markets. The risk on approach...
Gold was down in Asia on Monday morning, with escalating U.S.-China tensions continuing to impact demand for even the safe-haven asset.
Gold futures slid by 0.47% at $1,727.40 by 12:26 AM ET (5:26 AM GMT), with the yellow metal unable to hold onto its gains from the previous session.
Stocks, which usually move in the opposite direction to gold, were mixed with Greater Chinese stocks suffering losses on Monday.
Investors risk sentiment was down on Friday after China formally tabled national...
Gold traded little changed on Tuesday as gains in equities on optimism over a reopening global economy offset support from a softer dollar and lingering tensions over Hong Kong and Venezuela.
Spot gold was flat at $1,729.83 per ounce by 1253 GMT. U.S. gold futures were down 0.2% to $1,732.10.
Japan™s Nikkei rose 1% to its highest since early March, while MSCI™s broadest index of Asia-Pacific shares outside Japan added 0.1% in early trade.
Source : Reuters