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Gold prices steady near 1-week low as dollar firms

Reuters  |  BENGALURU 

By Karen RodriguesBENGALURU (Reuters) - Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.Spot gold was steady at $1,243.10 an ounce at 0328 GMT. The yellow metal slipped 1 percent and hit an over one-week low at $1,240.89 on Wednesday.U.S. gold futures for August delivery were 0.1 percent lower at $1,243.60 an ounce."The U.S. dollar firmed up across the board and I think that is the main reason," a Sydney-based trader said."With the softer U.S. equity ...

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First Published: Thu, July 12 2018. 09:41 IST