Gold Down as Greenback, U.S. Tech Stocks Rise

Gold was down on Tuesday morning in Asia as the greenback gained strength. A rapid rise in U.S. tech stocks also drew investors’ interest away from the precious metal. Gold futures were down 0.65% at $1,916.35 by 12:41 AM ET (4:41 AM GMT) Gold fell in morning trade in Asia, following a flat previous session. The dollar strengthening gave the precious metal its downwards trend, with major rises in U.S. tech stocks, particularly Apple (NASDAQ:AAPL) and Amazon (NASDAQ:AMZN), also providing headwinds. Positive drivers for the precious metal were found in some investors’ revamped hopes for a U.S. COVID-19 stimulus … (full story)

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