MTECHTIPS:-Gold / Silver / Copper futures – weekly outlook: April 24

MTECHTIPS:-Gold / Silver / Copper futures – weekly outlook: April 24 – April 28

MTECHTIPS-Gold prices edged higher on Friday as investors remained cautious ahead of the first round of voting in the presidential French election, underpinning safe haven demand for the precious metal. Gold for June delivery settled up 0.13% at $1,285.5 on the Comex division of the New York Mercantile Exchange. For the week, gold futures were down 0.81%. Polls indicated that centrist Emmanuel Macron was clinging to a narrow lead ahead of the first round of voting in France’s presidential election on Sunday, in a four-way race that is too close to call. Investors are fearful over the prospect of a second round run-off between far-left candidate Jean-Luc Chameleon and Marine Le Pen, leader of the far-right National Front party, who both want to put the country’s European Union membership to a vote. Investors were also watching events in Washington. On Thursday, U.S. Treasury Secretary Steven Capuchin said the Trump administration will unveil a tax reform plan soon and expects it will be approved by Congress this year. The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was little changed at 99.66 late Friday, holding above the three-week trough of 99.36 set on Wednesday. Elsewhere in precious metals trading, silver was down 0.65% at $17.90 a troy ounce late Friday. Platinum was down 0.67% at $974.65 a troy ounce, while copper dipped 0.08% to $2.54 a pound
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