Second consecutive falling session for gold

The price of gold fell slightly for the second consecutive session, as the signs of some convergence points between Moscow and Kyiv have strengthened the risk-taking mood of investors.

In particular, the April contract of gold completed its trades with a small drop of 0.7% or 14.4 dollars and fell to 1,939.8 ounces.

It is recalled that on Friday the contract price had lost 0.4%, but in the whole week it strengthened more than 1%.

As StoneX’s Rhona O’Connell points out, “in recent weeks the dollar has generally been the dominant safe haven, but interest in gold remains relatively stable, albeit perhaps somewhat subdued.”

According to her, in general, the investment climate towards gold remains positive against the background of ongoing geopolitical risks.

May silver, meanwhile, lost 42 cents, or 1.6 percent, to close at $ 25,196 an ounce. Copper for the same month gained 0.6% to $ 4,726 a pound.

As for the rest of the metals, April platinum lost 1.7% to $ 991.10 per ounce, while palladium in June fell 6.3% to close at $ 2,242.40 per ounce.