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Gold eases on firmer dollar; U.S.-N.Korea summit, Fed meeting in focus

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices edged lower on Tuesday, weighed down by a stronger dollar amid encouraging signs ahead of an historic U.S.-North Korea summit and a likely interest rate hike by the U.S. Federal Reserve. FUNDAMENTALS ** Spot gold was down 0.2 percent at $1,297.68 per ounce at 0046 GMT. ** U.S. gold futures for August delivery were 0.1 percent lower at $1,301.60 per ounce.** The dollar index , which measures the greenback against a basket of six major currencies, edged 0.3 percent higher at 93.819. [USD/]** U.S. President Donald Trump said his summit with North Korean ...

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First Published: Tue, June 12 2018. 06:36 IST