Gold firms on euro strength after Macron wins French elections

PHOTO:COURTESY

Gold firms on euro strength after Macron win.

Gold edged up on bargain-hunting after dipping to a seven-week low earlier in the session and as the euro strengthened after pro-EU candidate Emmanuel Macron won the French presidential election.

 Spot gold rose 0.3 per cent to $1,230.64 per ounce as of 0727 GMT, after touching 1,224.86 earlier in the session, its lowest since March 17.