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Gold retreats from 1-year high as dollar gains ground

Reuters 

By Apeksha NairREUTERS - Gold fell early on Monday after hitting its highest in over a year in the previous session, as the dollar recovered from last week's lows and as lack of geopolitical developments dented safe-haven appeal.Spot gold was down 0.8 percent at $1,335.10 an ounce by 0705 GMT. It rose to $1,357.54 on Sept. 8, the highest since Aug. 16, 2016.U.S. gold futures for December delivery were also down 0.9 percent at $1,339.40 an ounce."The major determinant of gold last week was actually geopolitical tensions, but over the weekend, we did not see any crisis triggering event so ...

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First Published: Mon, September 11 2017. 12:53 IST
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