Gold edged lower, as the dollar strengthened, following an attempted assassination attempt on Donald Trump over the weekend.The former president and Republican contender said he was shot in the right ear after gunfire erupted at a rally in Pennsylvania on Saturday, injecting more uncertainty into an already volatile campaign. Movements so far in wider financial markets suggest it may have reinforced expectations that Trump will win in November. The precious metal has rallied strongly this year on heightened geopolitical tensions, as well as buying by central banks and Chinese consumers. It’s advanced in recent weeks on signs the Federal Reserve is getting closer to its much-anticipated pivot to lower interest rates, which tend to benefit bullion as it doesn’t offer any interest.Gold declined 0.1% to $2,408.27 as of 7:58 a.m. in Singapore. The Bloomberg Dollar Spot Index rose 0.2%. Silver fell 0.6%, while platinum and palladium also moved lower.
Source: BloombergGold Slips As Dollar Moves Higher Following Attack On Trump
