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Gold hovers near one-week low on buoyant dollar

Reuters 

By K. Sathya Narayanan(Reuters) - Gold was trading close to a more than one-week low on Thursday, pressured by a stronger dollar, though concern over the Sino-U.S. trade conflict and the global economy kept prices above a $1,300 support level.Spot gold was steady at $1,306.21 an ounce at 1153 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 $1,310.70."Despite concerns of slowing global economic growth, it seems the dollar is providing some headwinds ...

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First Published: Thu, February 07 2019. 18:22 IST
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