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Gold prices edge up after hitting fresh 2018 low

Reuters  |  BENGALURU 

BENGALURU (Reuters) - Gold prices recovered slightly early on Wednesday, after sliding to the lowest level this year in the previous session on surging U.S. bond yields and a stronger dollar. FUNDAMENTALS * Spot gold rose 0.2 percent to $1,292.73 per ounce at 0048 GMT, after shedding 1.7 percent and marking the lowest this year at $1,288.31 in the previous session.* This was also the lowest price level for the yellow metal since Dec. 28.* U.S. gold futures for June delivery were up 0.1 percent at $1,292.10 per ounce.* The dollar hovered near a five-month high against a group of ...

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First Published: Wed, May 16 2018. 06:57 IST