France's 'Premature Relief Rally' See Gold Price Fall in Euros

Gold Price News By Atsuko Whitehouse – Monday 1st July 2024

GOLD PRICES fell against a stronger Euro currency on Monday as the Paris stock market led European bourses higher on what analysts called "relief" that Marine Le Pen's far-right National Rally didn't win a more decisive victory in the weekend's first round of voting in France's snap parliamentary election, writes Atsuko Whitehouse at BullionVault.

While Le Pen's RN party made significant gains on Sunday, winning one-third of the vote on the highest turn-out since 1997, it won by a smaller margin than some opinion polls had suggested, drawing 34% against the left-wing New Popular Front (NFP) alliance's 28% to 29%.

That left President Emmanuel Macron's centrist party in third place with 20-22%.

Read more here: https://www.bullionvault.com/gold-news/gold-price-news/france-le-pen-gold-euro-cac40-election-070120241

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