Gold lower on weaker safe-haven demand

Gold weakens to 7-week lows

The precious metal, gold, traded lower during the early European trading session close to seven-week lows, as the demand for safe-haven assets weakened the most.

Gold lower to $1,226.50

Gold futures traded to $1,226.50 a troy ounce falling 0.1% or $1.00, while spot gold remained at $1,225.90.

The yellow metal reached its weakest level at $1,221.00 yesterday, since March, after Macron overcame Marine Le Pen and won the French presidency.

The silver futures stabilized at $16.25 a troy ounce, copper futures traded to $2.492 a pound falling 0.2 cents, palladium to $806.60 tacking 0.1%, and platinum to $913.60 shedding 0.7%.

Australia's dollar lower on disappointing RS data

The Australian dollar dropped today, amid the disappointing retail sales data, as the investors and the traders look forward to the South Korean presidential elections.

The AUD/USD pair reached the 0.7362 zone dropping 0.34%, whereas the USD/JPY stabilized at 113.22 falling 0.03%. The U.S. dollar index approached 99.01 declining 0.02%.

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