Gold drops in Asia as French poll results are available in along expected lines

Gold drops in Asia as French poll results are available in along expected lines
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Investing.com – Gold prices slumped in Asia on Monday as risk concerns eased following the French election went broadly not surprisingly, pitting centrist Emmanuel Macron and-right leader Marine Le Pen inside a May 7 runoff.

Gold for June delivery settled dropped .90% to $1,277.35% a troy ounce around the Comex division from the New You are able to Mercantile Exchange. Silver eased .09% to $17.907 a troy ounce and copper acquired .47% to $2.563 one pound.

Investors will concentrate on in front of Thursday’s European Central Bank meeting and Friday’s euro zone inflation data and preliminary estimates of first quarter growth in the United kingdom and also the U.S. on Friday.

A week ago, gold prices edged greater on Friday as investors continued to be careful in front of the first round of voting within the presidential French election, underpinning safe place interest in the rare metal.

Investors were also watching occasions in Washington. On Thursday, U.S. Treasury Secretary Steven Mnuchin stated the Trump administration will unveil a tax reform plan soon and expects it will likely be approved by Congress this season.

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