Gold drops suddenly and sharply
Gold tumbled off its best levels of the session following a Reuters report suggesting President Trump has called on the Syrian government to abide by agreements not to use chemical weapons.
The precious metal put in a five-month high of almost $1,271 an ounce in overnight trade after the US launched 59 cruise missiles at military targets controlled by Syrian President Bashar Assad in response to Tuesday's chemical attack that killed at least 80 people.
Gold had surrendered some of its gains ahead of the Trump administration's comments, but was still trading up about 1% near $1265. The recent selling has the yellow metal clinging to a small gain, up 0.3% at $1,255.
Meanwhile, silver was hit even harder. It was trading up 0.5% ahead of the announcement, and is now down 1.5% at $18 an ounce.
Get the latest Gold price here.
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- Vodafone Idea FPO allotment – How to check allotment, GMP and more
- Vodafone Idea shares jump nearly 8%
- Indians can now get multiple entry Schengen visa with longer validity as EU eases norms
- Investing Guide: Building an aggressive portfolio with Special Situation Funds
- Markets climb in early trade on firm global trends; extend winning momentum to 3rd day running
- Impact of AI on Art and Creativity