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Wall Street dips, gold spot falls

ByVictoria

“We are witnessing a resilient economy … against a backdrop of geopolitical concerns, and an expectation of some sort of chaos down the road,” said Oliver Pursche, senior vice president at Wealthspire Advisors in New York.

Gold reversed its multi-session rally, which was driven by a risk-off flight to safety that drove the precious metal to a record high.

Spot gold fell 0.3% to $2,856.40 an ounce. U.S. gold futures fell 0.39% to $2,860.50 an ounce.

Source – Reuters

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