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Gold dips but holds near five-week high as stocks sag

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold prices were slightly lower on Thursday as the dollar firmed on renewed trade tensions, but a decline in global equities helped keep prices near the more than one-month high hit this week.Spot gold was down 0.1 percent at $1,236.43 per ounce at 1308 GMT, while U.S. gold futures were 0.1 percent lower at $1,241.70 per ounce."This is a modest decline, not yet impacting the main trend which still remains moderately positive," said ActivTrades chief analyst Carlo Alberto De Casa."If gold could hold above $1,235, this is definitely a very good signal, while ...

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First Published: Thu, December 06 2018. 19:03 IST