Gold slips on lower demand for safe haven
‘Gold is suffering a little bit on back of a firmer greenback and slightly stronger equity market,’ one analyst says
29 March 2021 - 12:01
Gold prices fell on Monday as a stronger US dollar and hopes for a swift global economic recovery boosted share markets, denting demand for a safe haven. Spot gold was down 0.4% at $1,725.26/oz 8.29am GMT. US gold futures slipped 0.6% to $1,722.
"Gold is suffering a little bit on back of a firmer greenback and slightly stronger equity market. We are also seeing some end-of-the-month profit-taking,” said CMC Markets UK's chief market analyst Michael Hewson...
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