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Gold hovers near 1-week low on buoyant dollar


By K. Sathya Narayanan(Reuters) - Gold was trading close to a more than one-week low on Thursday weighed by a stronger dollar but uncertainties around the Sino-U.S. trade spat and concerns about slowing global growth supported the metal above the key $1,300 level.Spot gold was steady at $1,306.08 per ounce by 1022 GMT, after touching its lowest since Jan. 29 at $1,302.11. Prices fell 0.7 percent in the previous session in their biggest one-day drop since Jan. 18.U.S. gold futures were down 0.3 percent at $1,310.60."Despite concerns of a slowing global economic growth, it seems the dollar is ...

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First Published: Thu, February 07 2019. 16:15 IST