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Gold inches down on strong equities, higher U.S. Treasury yields


(Reuters) - Gold prices edged lower for a second session early on Wednesday, as a rally in equities and a surge in U.S. treasury yields dented bullion's safe-haven appeal.FUNDAMENTALS - Spot gold dipped 0.3 percent to $1,309.26 an ounce by 0049 GMT. Prices fell 0.6 percent on Tuesday, its biggest one-day loss in a month.- Last week, prices touched their highest since Sept. 15 at $1,311.40- U.S. gold futures were down 0.2 percent at $1,318.10 an ounce. - The dollar index, which tracks the greenback against a basket of six major rival currencies, was steady at 92.517 . It touched over ...

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First Published: Wed, January 10 2018. 07:05 IST