Gold hits its lowest in nearly two weeks on Monday after centrist candidate Emmanuel Macron won the first round of French presidential election, boosting stocks and sparking a sell-off in the safe-haven bullion. Spot gold was down 0.7 percent at $1,275.46 per ounce by 0342 GMT, after falling to a low of $1,265.90 earlier in the session. U.S. gold futures were down nearly 1 percent at $1,277.30 an ounce. Macron and Marine Le Pen have emerged as the two key winners of the French elections. It does remove some of the suspense and risk-off sentiment we saw late last week.

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