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Gold prices edge lower on firmer dollar amid U.S.-China trade worries

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices inched lower early on Wednesday as the U.S. dollar firmed amid an escalating trade spat between the United States and China. FUNDAMENTALS * Spot gold was down 0.3 percent at $1,251.74 an ounce at 0102 GMT. * U.S. gold futures for August delivery were down 0.3 percent at $1,251.20 an ounce.* The dollar index, which measures the greenback against a basket of six major currencies, was 0.1 percent higher at 94.209. * The Trump administration raised the stakes in its trade war with China on Tuesday, saying it would slap 10 percent tariffs on an extra $200 ...

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First Published: Wed, July 11 2018. 06:59 IST