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Gold Edges Down From 5-Month Highs

Gold futures were lower Tuesday after a rally in equities generated some risk appetite.

However, markets are a bit edgy today amid geopolitical tensions and after U.K. Prime Minister Theresa May announced plans for an early general election on June 8.

Gold was down $5 a at $1286 an ounce, easing from 5-month highs in the previous session.

Housing Starts data for March will be published at 8.30 am ET.

The Redbook data, the weekly measure of comparable store sales at chain stores, discounters, and department stores will be released at 8.55 am ET. The store sales growth in the prior month was 1.6 percent.

Kansas City Federal Reserve Bank President Esther George will speak at 9.00 am ET.

by RTTNews Staff Writer

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