Gold drops as optimism that summit between President Donald Trump and North Korea’s Kim Jong Un will go ahead hurts haven demand, and dollar holds recent gains.
Bullion for immediate delivery -0.3% to $1,298.69/oz at 12:29pm in Singapore; after +0.7% last week, the biggest weekly gain since April. Bloomberg Dollar Spot Index -0.3% on Monday, after capping sixth weekly rise on Friday for 4.5% advance in that period.
Other precious metals, Silver -0.1% to $16.4915/oz, Platinum +0.2% to $903.11/oz, Palladium +0.2% to $982.82/oz.
Source : Bloomberg