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Gold hovers near lows, investors wary about U.S. rates

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold prices were little changed on Monday, failing to gain support from a weaker dollar as investors digested sharp losses in the previous session and worried about further U.S. rate hikes.Spot gold was down 0.1 percent at $1,256.89 per ounce at 0951 GMT, having on Friday touched its lowest in just under two weeks at $1,254 an ounce and registering its first weekly decline in four.U.S. gold futures for December delivery fell 0.2 percent to $1,262.50 per ounce.The dollar edged lower on Monday following sharp gains the previous session, as investors focused on ...

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First Published: Mon, August 07 2017. 15:56 IST