Gold was steady on Tuesday with investors staying on the sidelines following an explosion in the English city of Manchester that left at least 19 people dead and over 50 injured.
The explosion occurred at the end of a concert by U.S. singer Ariana Grande on Monday, in what two U.S. officials said was a suspected suicide bombing.
Prime Minister Theresa May said the incident was being treated as a terrorist attack.
“Right now, precious metals prices are relatively quiet, this despite tragic news coming out of Manchester, England,” said INTL FCStone analyst Edward Meir.
“We suspect that gold will respond more forcefully going into Tuesday’s session as geopolitical tensions start to rise again.”
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