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Gold eases as dollar firms; investors await G7, U.S. Fed meetings

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices eased on Friday as the dollar inched up, while investors remained cautious ahead of a G7 meeting later in the day and other key events next week such as a United States Federal Reserve policy meeting and a U.S.-North Korea summit.Spot gold was 0.1 percent lower at $1,294.87 per ounce by 0658 GMT. It hit a one-week high of $1,303.08 an ounce in the previous session and has risen about 0.2 percent so far this week.U.S. gold futures for August delivery fell 0.3 percent to $1,298.70 per ounce."Gold is most likely going to be range bound. The ...

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First Published: Fri, June 08 2018. 12:57 IST