Gold on track for third monthly gain

Safe-haven gold was poised for a third consecutive monthly gain as geopolitical risks and central bank demand lifted bullion’s appeal, although prices fell on Tuesday as market focus shifted to the Federal Reserve’s policy meeting.

Spot gold was down 1% at $2,312.17 per ounce, as of 0847 GMT, pressured by firmer dollar that makes the metal more expensive for overseas buyers. U.S. gold futures fell 1.4% at $2,324.80.

Still, gold prices have gained more than 3% in April after scaling a record high of $2,431.29 earlier this month.

London-listed company KEFI Gold and Copper plc (LON:KEFI) is an exploration and development company focused on gold and copper deposits in the highly prospective Arabian-Nubian Shield. The Company operates in Ethiopia and Saudi Arabia with projects including Tulu Kapi project, Jibal Qutman EL and Hawiah.

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