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Gold prices flat as rate hike worries ease

Reuters 

By Eileen Soreng(Reuters) - Gold prices were steady on Monday as the U.S. dollar inched lower, with the latest U.S. jobs report easing fears of inflation and faster U.S. rate hikes.Spot gold was flat at $1,323.07 per ounce at 0315 GMT. U.S. gold futures for April delivery were little changed at $1,323.70 per ounce.The dollar index against a basket of currencies was down 0.1 percent at 90.038."The labour report that we saw in the U.S. on Friday has spilled over into this week ... Slowdown in the growth of wages last month has certainly eased concerns about more aggressive rate hikes," said ANZ ...

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First Published: Mon, March 12 2018. 10:45 IST
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