Monday, July 4, 2022

Gold Plumbs Lows in the $1,700 Region as Risk-On Continues By Investing.com

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© Reuters.

By Barani Krishnan

Investing.com – Gold prices hit lows in the $1,700 region on Friday as the risk-on appetite across financial markets diverted more money from the safe-haven into equities.

By 9:05 AM ET (14:05 GMT), on New York’s Comex was down $29.40, or 1.6% at $1,1776.10. It earlier fell to $1,772.65, a low not seen since June, when it sunk to an intraday bottom of $1,690.10.

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