Gold held near the lowest level this year as investors await a full week of earnings news and look for further clues on the health of the U.S. economy, with first-quarter gross domestic product data due Friday.
Bullion prices have been hit by wavering haven-asset demand on expectations the U.S. and China will reach a trade deal and as U.S. stocks hold near an all-time high. Investors are also weighing the fallout from the Trump administration’s decision to scrap waivers that allow countries to purchase Iranian oil.
Spot gold +0.1% to $1,275.81/oz at 9:15am in Singapore. Metal dropped to $1,271.26 last week, lowest level since Dec.
Source : Bloomberg