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Gold down on concern about Europe, buoyant shares

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold drifted lower on Tuesday, weighed down by a firmer dollar on the back of concerns about instability in Europe, while a buoyant stock market also sapped enthusiasm for bullion.Spot gold was down 0.7 percent at $1,311.67 an ounce at 1345 GMT. Last week, prices touched their strongest since Sept. 15 at $1,325.86.U.S. gold futures fell 0.6 percent to $1,312.50 an ounce. The dollar hit a more than one-week high against a basket of other major currencies on Monday. It was up 0.2 percent on Tuesday, making commodities priced in the greenback more expensive for ...

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First Published: Tue, January 09 2018. 19:49 IST