India, June 27 -- Gold fell sharply on Friday, slipping to a nearly one-month low as investors move to riskier assets amid a backdrop of easing geopolitical tensions.
Front Month Comex Gold for July plunged $60.20 (or 1.8%) to $3,273.70 per troy ounce today. Gold lost around 2.9% this week.
Front Month Comex Silver for July fell 55.40 cents (or 1.5%) today to $36.037 per troy ounce.
In a significant trade development today, the world's two major economic partners, the US and China, made further progress on the trade agreement announced by the countries last month in Geneva. Specifically, China has agreed to deliver much-needed rare earth minerals to the US.
A White House official said the US and China have agreed to "an additional under...