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Gold prices steady on weaker U.S. dollar, trade tension support

Reuters  |  BENGALURU 

By Swati VermaBENGALURU (Reuters) - Gold prices were steady on Tuesday as the U.S. dollar remained on the back foot, with the metal supported by festering worries over U.S.-China trade tensions.Spot gold was unchanged at $1,345.62 an ounce as of 0322 GMT."Despite a quietening of negative headlines overnight, its unlikely we've seen the last of China trade tensions or a weaker U.S. dollar for that fact. All of which continues to provide the most apparent reasons to own gold," said Stephen Innes, head of trading for Asia-Pacific for OANDA in Singapore.Against the yen, the dollar was down 0.1 ...

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First Published: Tue, April 17 2018. 09:39 IST