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Gold at five-week low on firm dollar, Brexit talks lend support

Reuters  |  NEW YORK/LONDON 

By Marcy Nicholson and Pratima DesaiNEW YORK/LONDON (Reuters) - Gold fell to a near five-week low on Monday as the dollar rose after hawkish comments from a top Fed official, but uncertainty created by the start of talks on the terms of Britain's departure from the European Union prevented deeper losses.Spot gold was down 0.7 percent at $1,244.85 an ounce by 2:35 p.m. EDT (1835 GMT), after falling below the 100-day moving average to $1,244.27, its lowest since May 17. U.S. gold futures settled down 0.8 percent at $1,246.70.New York Federal Reserve President William Dudley said U.S. ...

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First Published: Tue, June 20 2017. 00:16 IST