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Gold dips as dollar firms on U.S. rate hike views

Reuters 

By Sethuraman N R(Reuters) - Gold prices inched down on Monday after the dollar firmed on expectations of further U.S. interest rate hikes this year. Spot gold was down 0.1 percent at $1,317.60 an ounce at 0711 GMT. Last week, the metal touched its highest since Sept. 15 at $1,325.86. Spot gold posted its fourth consecutive weekly gain last week.U.S. gold futures slipped 0.3 percent on Monday at $1,318.80 an ounce. "January is usually a good month for gold prices and should remain so on the anticipation of physical demand ahead of the Chinese New Year," said Stephen Innes, APAC head of ...

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First Published: Mon, January 08 2018. 13:17 IST
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