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Gold drops from 14-month high as U.S.-Mexico deal lifts risk assets
Monday, 10 June 2019 19:41 WIB | PRECIOUS METALS |GOLDEMAS

Gold fell 1% on Monday, retreating from a 14-month peak hit in the previous session after a deal between the United States and Mexico to avert a tariff war prompted investors to ditch the safe-haven metal for riskier assets.

Spot gold was down 1% at $1,326.50 per ounce as of 11:38 GMT. In the previous session, it hit its highest since April last year at $1,348.08 an ounce.

U.S. gold futures fell 1.2% to $1,330.5 an ounce.

The United States and Mexico struck a deal on Friday to avert a tariff war, with the latter agreeing to expand a controversial asylum programme and deploy security forces to stem flows of illegal migrants from Central America.

Source : Reuters

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