Gold pressured as trade optimism lifts risk appetite
Updated : April 16, 2019 08:46 AM IST
Spot gold was down 0.1 percent at $1,286.38 per ounce, as of 0120 GMT. In the previous session, the bullion dropped to $1,281.96, its weakest since April 4. US gold futures shed about 0.2 percent at $1,289.20 an ounce.
The US-China trade dispute, signs of slowing global corporate earnings and business investment have all put pressure on riskier assets in the past year, so investors have been quick to lap-up positive news.
India's gold smugglers have slowed their operations over worries their shipments will be caught up in seizures of cash, bullion, booze and drugs that are aimed at controlling vote-buying in the country's national elections.
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