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Gold dips on uncertainty about Fed, U.S.-North Korea summit

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold dipped on Monday, pressured by a firmer dollar and worries that the U.S. central bank will signal a tighter future monetary policy at a meeting this week that is expected to boost rates.Spot gold was down 0.2 percent at $1,295.35 per ounce at 0955 GMT, while U.S. gold futures for August delivery were 0.3 percent lower at $1,299.20 per ounce. The U.S. Federal Reserve will likely raise its target interest rate to above the rate of inflation for the first time in a decade this week, seeking to sustain the second-longest U.S. expansion on record while ...

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First Published: Mon, June 11 2018. 16:01 IST