You are here: Home » Reuters » News
Business Standard

Gold dips, investors wary about U.S. rates

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold prices edged lower on Monday, failing to gain support from a weaker dollar as investors digested sharp losses in the previous session and worried about further U.S. rate hikes.Spot gold was down 0.1 percent at $1,257.12 per ounce at 1352 GMT, having on Friday touched its lowest in just under two weeks at $1,254 an ounce and registering its first weekly decline in four.U.S. gold futures for December delivery fell 0.1 percent to $1,263.40 per ounce.The dollar edged lower on Monday, giving back some of its gains from Friday as investors consolidated bets ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, August 07 2017. 19:53 IST