Gold stable ahead of French election
Precious metals traded relatively flat on Friday with gold edging up to maintain its technical level above $1,282 supported by global geopolitical instability. Investors traded cautiously as the upcoming French election remained in focus, creating an increase in the demand for safe-haven commodities such as gold.
Spot gold added 0.07%, changing hands for $1,282.86 per ounce at 1 pm CET. Silver shed 0.29% to trade for $17.99 per ounce at 1:01 pm CET. In the meantime, platinum decreased 0.20%, trading for $979 per ounce at the same time while palladium lost 0.12% at $804 per ounce.
The US dollar gained 0.15% against the euro to trade for 0.9346 at 1:02 pm CET.