Gold falls on Ukraine's election

Gold futures slipped on Tuesday trading session falling towards the weakest level nearly in a week as traders speculate whether the recent result of Ukraine's presidential election may ease tension with the Russian Federation. Bullion for settlement in May dropped 0.6% to $1,285.50 an ounce, the least since May 21, and it was last seen at $1,286.94 by 2:24 p.m. Singapore time.