Gold prices eased slightly on Tuesday, dropping for a second day, as investor sentiment remains skewed toward riskier assets in the wake of the French election results on Sunday, though geopolitical concerns are still supporting safe-haven demand.
Spot gold was down 0.1 percent at $1,273.50 per ounce by 0338 GMT. U.S. gold futures were down 0.2 percent at $1,275.60. Bullion prices fell about 0.7 percent in the previous session after touching $1,265.90 an ounce, the lowest since April 11, following the first round of France’s presidential election that indicated less support for far-right candidate Marine Le Pen.
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