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Gold prices steady as dollar holds gains

Reuters 

Gold prices were steady early on Tuesday, hovering around nearly two-week lows hit on Friday, with the U.S. dollar buoyed by hopes of another interest rate hike this year after robust U.S. employment data. FUNDAMENTALS * Spot gold had edged up 0.1 percent to $1,258.20 per ounce at 0046 GMT. * U.S. gold futures for December delivery were nearly flat at $1,264.20 per ounce.* The dollar steadied in Asian trading on Tuesday, maintaining most of the gains it made on last week's employment data that kept hope alive that the U.S. Federal Reserve could still increase interest rates this year. ...

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First Published: Tue, August 08 2017. 06:52 IST
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