Gold prices slipped on Wednesday in Asia, pressured by strong earning reports stateside and strong U.S. housing data released overnight.
Gold futures for June delivery, traded on the Comex division of the New York Mercantile Exchange, were down 0.1%, at $1,271.75 per ounce by 1:40 AM ET (05:40 GMT).
A wave of better-than-expected earnings results from U.S.-listed companies including Hasbro (NASDAQ:HAS), Twitter and Coco-Cola supported risk sentiment and put pressure on the safe-haven gold.
Strong U.S. housing data also dampened concerns about an economic slowdown in the country.
Source : Investing.com