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Metals Stocks: Gold adds to declines as risky assets draw demand

Gold futures traded in negative territory Tuesday, extending the previous session’s hefty decline that followed the first round of France’s presidential election, which eased fears that politicians eager to pull the country out of the European Union would emerge as front-runners.

June gold GCM7, -0.63% fell $9.20, or 0.7%, to trade at $1,268.30 an ounce, after settling lower on Monday. Meanwhile, May silver SIK7, -1.00% was off 20.3 cents, or 1.1%, at $17.655 an ounce.

Gains for assets perceived as risky—notably stocks—helped to add to gold’s decline from Monday, with equity-index gauges in Europe higher. U.S.

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