Spot gold price under pressure; better risk-on sentiment surprises investors

London (Nov 11)  Gold was under pressure on the morning of Friday November 11 in London from improved risk appetite that made safe-haven assets less desirable.

The spot gold price was recently quoted at $1,253.85/1,254.15 per oz, a drop of $6.75 on Thursday’s close, having earlier fallen to a three-and-a-half-week low of $1,251.15 per oz. "Observers of the gold market must be rubbing their eyes in bewilderment. Donald Trump is elected the new US president and the reaction is euphoric celebration on the financial markets, as can...

Source: MetalBulletin