• Gold prices fell to a two-week low on Tuesday as markets became less concerned that far-right leader Marine Le Pen would win the French presidential election, increasing investor appetite for risky assets such as stocks while denting bullion.
• Spot gold was down 0.9 percent at $1,264.25 an ounce by 2:53 p.m. EDT (1853 GMT), on track for its weakest one-day performance since March 2. It fell earlier to $1,261.41, the lowest since April 11. U.S. gold futures settled down 0.8 percent at $1,267.20.
• A gauge of world stocks notched a record for a second straight session, spurred by speculation about U.S. tax reform and relief at French election results, while the 10-year U.S. Treasury yield rallied to a two-week high.
• "We've moved from having multiple numbers of positive drivers for gold last week when yields were on the defensive and we had multiple geopolitical risks," said Ole Hansen, head of commodity strategy at Saxo Bank.
"But now with the French election (first round) behind us, there is a bit of a surge of risk-on coming back to the market. The main worry was a strong performance by Le Pen."
Heightened security risks provided some support. North Korea conducted a live-fire exercise on Tuesday as a U.S. submarine docked in South Korea in a show of force.
Hansen said gold would trade cautiously this week before a Friday deadline for the U.S. Congress to pass a spending bill funding the government through September or risk a government shutdown.
• Silver dipped 1.7 percent at $17.59 an ounce after touching a one-month low at $17.51.
Reference: Reuters
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