Gold Falls After French Election Result Revives Risk-On Sentiment

Gold hits its lowest in nearly two weeks on Monday after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks and sparking a sell-off in the safe-haven bullion.
Spot gold was down 0.7 percent at $1,275.46 per ounce by 0342 GMT, after falling to a low of $1,265.90 earlier in the session. U.S. gold futures were down nearly 1 percent at $1,277.30 an ounce.
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