Gold headed for a back-to-back decline as President Donald Trump signed off on a so-called phase-one trade deal with China and an exit poll indicated a comfortable majority for the governing Conservative Party in the U.K.'s national election.
Bullion for immediate delivery fell as much as 0.5% in early trading Friday and was 0.3% lower at $1,465.53/oz as of 7:48 a.m. in Singapore. The metal declined 0.3% Thursday.
Traders pulled $275 million from the VanEck Vectors Junior Gold Miners ETF on Wednesday, the most since April 2017, according to data compiled by Bloomberg. A separate fund also tracking the gold-mining industry had the largest withdrawal since September.
Source : Bloomberg