MTECHTIPS:-Gold eases in Asia as weekend Brexit polls head 'Remain' way

MTECHTIPS:-Gold eases in Asia as weekend Brexit polls head 'Remain' way

Gold eased in Asia on Monday as weekend polls showed momentum building for the "Remain" camp in this week's Brexit vote. Gold for August delivery on the Comex division of the New York Mercantile Exchange fell 0.25% to $1,291.50 a troy ounce. Silver futures for July delivery eased 0.01% to $17.410 a troy ounce, while copper futures for July delivery rose 0.58% to $2.066 a pound. In Japan, the adjusted trade balance came in at ¥270 billion, wider than a surplus of ¥130 billion expected for May, while exports dropped 11.3%, more than the 10.4% year-on-year fall seen and imports came in as expected, down 13.8% year-on-year. The overall trade balance came in at a drop of ¥41 billion, the first deficit in four months. Last week, gold prices edged lower on Friday, but held near the prior session’s 22-month peak as trading remained volatile before Britain's June 23 referendum on its EU membership and amid fading expectations of a Federal Reserve rate hike in the next couple of months. Voters in the U.K. are in focus as concerns over a potential U.K. exit from the European Union temporarily eased following the killing of Jo Cox, a Labour Party member and supporter of EU membership.

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