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Gold prices slip as dollar gains amid Trump-Kim summit

Gold is expected to be volatile this week amid the U.S-North Korea summit and central bank meetings

Reuters  |  Bengaluru 

Gold prices eased on Tuesday as the dollar strengthened amid encouraging signs from a historic U.S.-North Korea summit and a likely interest rate hike by the U.S. Federal Reserve, limiting demand for the yellow metal. Spot gold inched down 0.2 percent at $1,297.42 per ounce at 0352 GMT and U.S. gold futures for August delivery were 0.1 percent lower at $1,301.50 per ounce. "Dollar has been a big driver for some time now and investors are certainly taking more from that than from easing geo-political risks in recent runs... I suspect that will be the key driver for the short ...

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First Published: Tue, June 12 2018. 11:30 IST