Gold strengthens & oil weakens in EU session

Monday, 24/04/2017 | 10:41 GMT

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Gold weakens in EU session

The precious metal, gold, traded weaker during the EU trading session, amid the traders and the investors focusing more on safe-haven assets following the French election's outcome where Emmanuel Macron won the first round.

Gold futures to $1,272.34 a troy ounce

Gold futures on the Comex division traded to $1,272,34 a troy ounce falling 1.3% or $16.80, while spot gold approached $1,271.20 declining 1%.

Elsewhere, copper futures reached $2.573 a pound adding 2.2 cents, palladium to $798.55 an ounce rising 1%, and platinum to $971.20 declining 0.7%.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/gold-strengthens-oil-weakens-in-eu-session

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