Improving Economic Outlook Pushes Gold Down to Six-Month Low

Reuters reported that gold approached a six-month low on Tuesday, as economic improvements were eroding gold’s safe-haven appeal.

As quoted in the market report:

The metal fell 0.5 percent as investors were drawn to riskier assets as the S&P 500 climbed to a five-year high with a string of recent merger activity suggesting stocks could offer even more value.

To view the whole Reuters report, click here.