Gold dips on French election

Published April 25, 2017

LONDON: Gold prices fell on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.

Spot gold was down 0.5 per cent at $1,269.20 per ounce at 1157 GMT. Silver dipped 0.8pc to $17.85 an ounce after touching a one-month low of $17.65 in the previous session.

Platinum inched down 0.7pc to $951.81 an ounce while palladium fell 0.4pc to $793 an ounce.

Published in Dawn, April 26th, 2017

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