Gold Drops Below $1307 as Haven Demand Decreases

Gold settled lower on Tuesday as tensions eased in the Crimean region after pro-Russian rebels in Ukraine handed the flight recorder and victims’ remains from a downed Malaysia Airlines jet to international authorities.

The dollar rose along with equities, weighing on bullion and other safe-haven assets such as U.S. long-term bonds, after U.S. data pointed to light build in inflation.

The most-active U.S. gold futures for August delivery ended $7.60 lower at $1,306.30 an ounce. Spot gold, meanwhile, was last down 0.4 percent at $1,308.10 an ounce.

CNBC

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