You are here: Home » International » News » Economy
Business Standard

Gold hits over two-week low as dollar firms ahead of US jobs data

The US gold futures slipped 0.1 per cent to $1,327.70 an ounce

Reuters  |  Bengaluru 

Gold prices hit over two-week lows on Friday, ahead of the US payrolls data later in the day, weighed down by a firmer dollar even as President Donald Trump re-ignited trade war fears by proposing $100 billion in new tariffs on China. Spot gold was down 0.2 per cent at $1,324.01 per ounce, as of 0800 GMT, after hitting $1,321.16 earlier in the session, its lowest since March 21. The US gold futures slipped 0.1 per cent to $1,327.70 an ounce. The dollar index, which measures the greenback against six other major currencies, gained 0.1 per cent to 90.519 ahead of the closely ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Fri, April 06 2018. 16:51 IST
RECOMMENDED FOR YOU