Gold slides as haven demand falls

Gold prices dipped for the second session in a row, as demand on safe haven investments fell after tensions faded between U.S. and North Korea, which dragged gold away from record highs.

Gold last traded at $1275.1 an ounce, down from the opening of $1278.9 an ounce, with a session-high at $ 1279.4 an ounce and a low at $1272.9 an ounce.

Gold decreased as demand on safe havens tumbled, following the president of North Korea's decision to hold off the Guam attack and monitor U.S. forces, soothing the markets and sending stocks higher.

Wall street and dollar‘s increases nudged down gold, and triggered profit-taking operations on the yellow metal.