Gold Prices Fall as Economic Data, Earnings Dampen Risk Aversion
Tuesday, 16 April 2019 20:28 WIB |
PRECIOUS METALS |GOLDEMAS
Gold prices traded lower on Tuesday as positive economic data and U.S. earnings boosted risk sentiment, dampening demand for the safe haven precious metal.
At 9:02 AM ET (13:02 GMT), gold futures for June delivery on the Comex division of the New York Mercantile Exchange fell $9.45, or 0.7%, to $1,281.85 a troy ounce.
China saw housing prices rise in March at the fastest pace since April 2017 which - adding to better-than-expected export and credit numbers released last week - eased concerns over the slowdown in the world™s second largest economy.
Source : Investing.com
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