You are here: Home » Reuters » News
Business Standard

Gold hovers near 1-week low on buoyant dollar

Reuters 

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 ...

This article is no longer available in our repository.

There could be multiple reasons for this.

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