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Gold falls from 11-week high on stronger dollar, profit-taking

Reuters  |  NEW YORK/LONDON 

By Renita D. Young and Zandi ShabalalaNEW YORK/LONDON (Reuters) - Gold retreated from an 11-week high on Thursday, with investors booking profits as the U.S. dollar gained, but bullion's losses were limited as investors remained worried about rising military tensions in Syria and lingering concerns of a trade war with China.Snapping a four-day winning streak, spot gold fell 1.1 percent at $1,337.55 per ounce by 1:40 p.m. EDT (1740 GMT). U.S. gold futures for June delivery settled down $18.10, or 1.3 percent, at $1,341.90.The dollar index gained against a basket of currencies, dragging ...

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First Published: Thu, April 12 2018. 23:26 IST
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