Gold Price Falling On Increased Risk Appetite

London (April 25)  Gold prices continued to fall Tuesday morning amid increased risk appetite and decreased physical demand.

June gold was down USD5 at USD1272 an ounce, as US stocks futures pointed to further gains for equities today. However, markets will be sensitive to a slew of upcoming earnings news.

Caterpillar, McDonalds, Coca-Cola and Lockheed are all set to announce quarterly results before the bell.

Later, the Case-Shiller US home-price index for February will be released at 9 a.m. Eastern Time. The Conference Board's consumer confidence survey for April and new-home sales for March are both due at 10 a.m. Eastern.

US President Donald Trump slapped tariffs on imported softwood lumber from Canada.

"We're going to be putting a 20% tax on softwood lumber coming in -- tariff on softwood coming into the US from Canada," Trump said at a gathering of conservative journalists at White House.

Source: AllianceNews