LONDON: Gold fell sharply for a second day on Tuesday after better-than-expected US economic data and a decrease in tensions over North Korea encouraged investors to buy riskier assets, boosting stocks, the US dollar and bond yields.
Spot gold was down 1.1 per cent at $1,268.53 an ounce at 1320 GMT, taking losses since Friday’s high to 1.8pc. US gold futures for December delivery were 1.3pc lower at $1,273.80 an ounce.
Published in Dawn, August 16th, 2017
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