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Gold steady as cloudy U.S. rate hike outlook drags on dollar

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices held steady on Tuesday near two-week highs hit in the previous session, as the dollar hovered near multi-month lows on fading prospects for further U.S. rate hikes this year.FUNDAMENTALS * Spot gold was up 0.1 percent at $1,234.48 per ounce at 0033 GMT, after hitting its highest since July 3 at $1,235.94 in the previous session. * U.S. gold futures for August delivery were mostly unchanged at $1,233.80 per ounce.* SPDR Gold Trust , the world's largest gold-backed exchange-traded fund, said its holdings fell 0.21 percent to 827.07 tonnes on Monday ...

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First Published: Tue, July 18 2017. 06:30 IST
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