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Gold dips on strong dollar post Trump-Kim meeting; Fed in focus

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices edged lower on Tuesday as the dollar strengthened following a positive U.S.-North Korea summit, with markets now waiting for a likely interest rate hike by the U.S. Federal Reserve.Spot gold was down 0.1 percent at $1,297.96 per ounce at 0719 GMT and U.S. gold futures for August delivery were 0.1-percent lower at $1,301.90 per ounce."The dollar has been a big driver for some time now and investors are certainly taking more from that than from easing geopolitical 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. 13:17 IST
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