You are here: Home » Reuters » News
Business Standard

Gold eases as investors pile into equities

Reuters  |  LONDON 

By Jan HarveyLONDON (Reuters) - Gold hit its lowest in more than a week on Tuesday as ebbing concerns over North Korea's nuclear ambitions and the impact of Hurricane Irma fuelled further gains in equities, tempering demand for the metal as a haven from risk. A steadier tone to the dollar after the previous day's sharp rebound took some downward pressure off the metal, however. The U.S. currency remained pinned near Friday's 2-1/2 year low despite Monday's bounce, supporting dollar-priced gold. Spot gold hit its lowest since Sept. 1 at $1,322.85 in early trade and was at $1,326.50 an ounce at ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, September 12 2017. 15:16 IST