You are here: Home » Reuters » News
Business Standard

Gold prices slip on dollar rebound, seen re-testing low

Reuters  |  LONDON 

By Eric OnstadLONDON (Reuters) - Gold headed lower on Tuesday, weighed down by a stronger dollar, and may re-test a seven-month low after a failed attempt to break higher in the previous session.Spot gold was down 0.4 percent at $1,253 an ounce by 1405 GMT, after retreating from its highest since June 26 at $1,265.87 in the previous session.U.S. gold futures for August delivery slipped 0.5 percent to $1,253.70 an ounce."If this dollar strength continues, we could see another test of $1,240, the lows from last week and mid-December, a crucial technical level," said Carsten Fritsch, commodity ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, July 10 2018. 19:41 IST
RECOMMENDED FOR YOU