Gold futures were under pressure Thursday, pulling back below the $1,300-an-ounce level as the U.S. dollar regained its footing and investors appeared to shrug off political turmoil in the U.K. surrounding the country’s preparations for exiting from the European Union.
Gold for April delivery on Comex fell $11, or 0.8%, to $1,298.30 an ounce, while May silver dropped 18.6 cents, or 1.2%, to $15.27 an ounce.
Gold rose for a second day on Wednesday to post its highest close of the month as U.K. lawmakers ruled out the possibility of the country exiting the EU without an agreement on London’s future relationship with Brussels. But Parliament has yet to approve an agreement with the EU, with lawmakers having twice rejected a plan worked out by U.K. Prime Minister Theresa May.
Source : Marketwatch