Gold Slips For Second Day As Stocks Rise

Gold futures fell for second session Tuesday, slipping from yearly highs as stocks continued to rally.

In a quiet session devoid of first-tier economic data, Dec. gold lost $3, or 0.2%, to settle at $1,332.70/oz. Silver was flat at $17.89.

The Dow Jones Industrial Average has jumped above 22,000, denting gold’s safe haven appeal.

Relief over Hurricane Irma’s path and easing tensions with North Korea also hurt precious metals.

The material has been provided by InstaForex Company – www.instaforex.com
Source: Forex News