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Gold prices ease on outlook for U.S. rate hikes


By Sethuraman N R(Reuters) - Gold prices inched down on Tuesday amid expectations for more U.S. interest rate hikes this year.Spot gold was down 0.2 percent at $1,317.86 an ounce by 0655 GMT. Last week, prices touched their strongest since Sept. 15 at $1,325.86.U.S. gold futures were down 0.1 percent at $1,318.80 an ounce. The dollar hit a more than one-week high against a basket of other major currencies on Monday. It was steady at $92.342 on TuesdayInvestors are betting on further U.S. interest rate hikes after Friday's payrolls data did nothing to challenge the outlook for monetary policy ...

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First Published: Tue, January 09 2018. 13:06 IST