Gold touched an eight-week low yesterday as safe-haven demand continued to fade in the wake of Emmanuel Macron's victory in the French election and as expectations for tighter US monetary policy lifted bond yields.
Revived appetite for riskier assets also pushed global stocks to record highs, while the market's so-called fear gauge, the VIX volatility index, fell to its lowest since 1993.
Rising stocks and higher bond yields raise the opportunity cost of holding non-yielding bullion,
