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Gold dips on firmer dollar amid talk of another rate hike

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold dipped on Thursday, weighed down by a stronger dollar as investors began to assess the potential for another U.S. rate hike later in the year.The losses were modest, however, with bullion underpinned by a myriad of global uncertainties, including reports that U.S. President Donald Trump was under investigation."Just like in previous rate hikes, the next day the market starts looking at the probability of the next hike because everything was factored in beforehand," Natixis metals analyst Bernard Dahdah said.The U.S. Federal Reserve raised interest rates ...

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First Published: Thu, June 15 2017. 17:12 IST
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