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Gold prices subdued as dollar extends gains

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices were muted on Friday, stuck in a tight trading range, as the dollar extended rally from the previous session when strong U.S. inflation data and trade war concerns boosted demand for the greenback. Spot gold was down 0.1 percent at $1,245.54 an ounce, as of 0652 GMT. For the week, the metal was down 0.7 percent.U.S. gold futures for August delivery slipped 0.1 percent to $1,245.50 an ounce."The dollar has been a prime mover of gold prices...Market sentiments have been largely positive on the greenback as investors pivoted from the safe haven ...

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First Published: Fri, July 13 2018. 13:31 IST