Gold Futures Slump on Improving Risk Appetite

Gold Futures Slump on Improving Risk Appetite

Gold futures tumble on easing safe-haven demand. Futures are down 1.8% at $3,286.80, having fallen as low as $3,266.50/oz earlier in the session.

The precious metal is on track to end the week lower despite U.S. dollar weakness, a factor usually seen as bullish for gold, Trade Nation's David Morrison says in a note.

An easing in geopolitical tensions, together with hopes for an improving outlook on President Trump's trade policy, were good reasons for investors to start selling, Morrison writes.