Gold prices kept falling on Tuesday, heading for its lowest in two weeks as demand rose on riskier assets despite current geopolitical tensions that would've normally boosted haven demand.
Increased optimism in the markets was reflected in higher demand on stocks and main currencies, away from safe havens such as gold and yen after the first round results of French elections.
On the other hand, tensions flared in the Korean peninsula after U.S. president Donald Trump asked the United Nations to impose new sanction on secluded North Korea after repeated missile and nuclear tests.
These tensions failed to support prices today as risk appetite grew in the markets, hurting gold prices.
Gold last traded at $1,267.23 an ounce, down from the opening of $1,273.82, with an intraday high at $1,278.04, and a low at $1,265.28.