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Gold dips as sharper risk appetite lifts equities


Tuesday, 17 April 2018 18:12 WIB

GOLDEMAS Spot EmasEmas berjangka


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Gold fell on Tuesday as sharper appetite for risk benefited cyclical assets at bullion's expense, though losses were capped by the dollar's slip to three-week low against a basket of currencies.

Gold rallied to a 2-1/2 month high last week as heightened tensions over Syria and U.S. sanctions on Russia sparked a drop in equities and ratcheted up interest in nominally defensive assets. Those gains, however, have proved hard to maintain.

Spot gold was down 0.2 percent at $1,342.40 an ounce by 0945 GMT, while U.S. gold futures dropped 0.4 percent to $1,345.20.

A gradual return of risk appetite lifted world shares on Tuesday, with European stocks climbing 0.4 percent to erase the previous session's losses. 

Among other precious metals, silver was up 0.1 percent at $16.62 an ounce and platinum rose 0.2 percent to $925.50.

Palladium retreated by 1.6 percent to $986 an ounce after hitting $1,012.10, its strongest since March 1, the previous day.

Source: Reuters


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