Asian gold prices down due to geopolitical situation "cooled down"

Gold prices fell in the afternoon session on April 30 in the Asian market, as signs of "cooling" tensions on the Korean peninsula have somewhat lessened the need for "safe haven" of the first private

South Korean and North Korean leaders signed a joint declaration on April 27, reaffirming their pledge to push for full nuclear denuclearization of the Korean Peninsula while agreeing to cut back on traditional weapons. The joint statement said the two sides will seek an agreement to build a lasting and sustainable peace on the Korean peninsula. The Declaration also included a series of commitments related to the disarmament, the end of hostilities and turning the common border area into a "peace zone." On the Bengaluru (India) market, spot gold fell 0.3 percent to $ 1,318.23 an ounce at 13 39 minutes. The US gold price for June delivery also dropped 0.3% to $ 1,319.2 an ounce. Since early April, gold has fallen by about 0.5%. The dollar index, which measures the health of the greenback against other major currencies, was near 91.534 after touching a three-and-a-half month high of 91.986. received in 27/4. The greenback has gained about 1.7% since the beginning of April. This is also the strongest monthly increase since November 2016. Gold is always sensitive to dollar fluctuations, as once the greenback strengthens, the appeal of assets priced in this currency, such as gold, is significantly reduced for buyers holding. other currencies. On the precious metals market, silver fell 0.6 percent to $ 16.4 an ounce after touching a three-week low of $ 16.37 an ounce. Platinum also lost 0.5% to $ 906 an ounce and is headed for a third month of losses