Bengaluru — Gold prices eased slightly on Tuesday, dropping for a second day, as investor sentiment remains skewed toward riskier assets in the wake of the French election results on Sunday, although geopolitical concern still supports safe-haven demand. Spot gold was down 0.1% at $1,273.50/oz by 3.38am GMT. US gold futures were down 0.2% at $1,275.60. Bullion prices fell about 0.7% in the previous session after touching $1,265.90/oz, the lowest since April 11, following the first round of France’s presidential election that indicated less support for far-right candidate Marine le Pen. Still, analysts said safe-haven demand for gold remained strong amid the tension over North Korea’s nuclear and missile programme as well as a potential government shutdown in the US this week. "A weaker dollar, Korean tensions and the uncertainty with regard to the US debt ceiling negotiations all have the potential to boost gold higher over the short term," INTL FCStone analyst Edward Meir said. US ...
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