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Gold prices ease as dollar hovers near 2018 peak

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices erased early gains on Thursday and edged closer to a five-month low, hit in the previous session, as the dollar pared losses against major rivals and traded within sight of its 2018-peak.Spot gold fell 0.1 percent to $1,288.65 per ounce by 0723 GMT, after marking its lowest since Dec. 27 on Wednesday at $1,286.20.U.S. gold futures for June delivery were nearly 0.3 percent lower at $1,288 per ounce.The dollar index trimmed losses and traded within sight of its 2018-peak hit overnight, while the euro hovered near a five-month low on concerns that ...

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First Published: Thu, May 17 2018. 13:03 IST