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Gold hits near four-week low as dollar firms

Reuters  |  BENGALURU 

By Nithin ThomasPrasadBENGALURU (Reuters) - Gold edged lower on Monday to touch a near four-week low as the dollar held firm, with the market waiting on comments from a top U.S. Federal Reserve official after last week's soft economic data.New York Fed President William Dudley, a close ally of Fed Chair Janet Yellen, is due to take part in a roundtable with local business leaders in Plattsburgh, New York. "If Dudley confirms that the Fed will remain hawkish towards interest rate hikes, I do not think gold will be able to recover anytime soon," said Argonaut Securities analyst Helen Lau. Spot ...

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First Published: Mon, June 19 2017. 13:40 IST
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