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Gold prices subdued as dollar extends rally

Reuters  |  BENGALURU 

By Apeksha NairBENGALURU (Reuters) - Gold prices were muted on Friday, stuck in a tight trading range as the dollar extended gains 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 $1,245.61 an ounce, as of 0347 GMT. For the week, the metal was down about 0.7 percent.U.S. gold futures for August delivery were little changed at $1,246.10 an ounce.The dollar climbed to a six-month peak versus the yen on Friday and held firm near a 10-day high against a basket of currencies boosted by expectations ...

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First Published: Fri, July 13 2018. 09:42 IST