In Asian markets on Wednesday (May 27), spot gold continued to hover around $ 1715. Last day, the price of gold plunged $ 15, and it once fell below 1710, mainly because of the hope of relaxing the blockade and the vaccine to boost the popularity of adventure.
Gold futures closed lower on Tuesday. As the new coronavirus pandemic subsided, the commercial blockade was gradually lifted and positive reports on vaccine research, global stock markets rallied, weakening gold's hedging appeal.
Comex gold futures for June delivery fell $ 29.90 to $ 1705.60 per ounce, a decrease of 0.12%. Silver futures delivered in July fell 9.8 cents, or 0.6%, to 17.595 US dollars per ounce.
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