Price of gold drops after French election

The price of gold has dropped following the first round of the French election.

Since Emmanuel Macron won the first round of the presidential election with 24%, the price of gold has fallen to a seven week low.

The precious metal, which is considered a safe haven investment, saw a 1.3% loss. The price recovered during overnight trading and has remained stable since.

As of 7am BST this morning (24 April) gold is trading at around $1,271 (£1,341) per ounce.