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Gold prices inch down as dollar recovers from three-week low

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices gave up early gains to trade slightly lower on Tuesday as the U.S. dollar recovered, while lingering U.S.-China trade worries and political uncertainty over Brexit limited losses. Spot gold was down 0.1 percent at $1,256.79 an ounce, as of 0709 GMT, after touching its highest since June 26 at $1,265.87 in the previous session.U.S. gold futures for August delivery were 0.2 percent lower at $1,257.40 an ounce.The main driver was the dollar, said National Australia Bank economist John Sharma. The dollar's index against a basket of six major ...

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First Published: Tue, July 10 2018. 13:32 IST