Gold price dips as traders break for Easter holiday

New York (April 14)  The spot gold price dipped during Asian trading hours on Friday April 14 with many market players absent for the Easter holiday from April 14 to 17.

The spot gold price was recently quoted at $1,287.25/1,287.65 per oz, down 0.1 on the previous close. Trade has ranged from $1,287.4 to $1,287.45 so far. • Despite the slide in gold, which is largely due to inactive buying and selling activities during the Easter holiday, the price has been recently supported by safe-haven demand on the back up of geo-political tensions. • The market continues to be wary of geo-political tensions after the USA dropped the 'largest

Source: MetalBulletin