You are here: Home » Reuters » News
Business Standard

Gold slips as dollar rises, but geopolitical worries support

Reuters  |  LONDON 

By Zandi ShabalalaLONDON (Reuters) - Gold edged lower on Wednesday as the dollar gained, but tensions over North Korea and upcoming French and UK elections underpinned investor demand in the safe-haven asset.Spot gold slipped 0.57 percent at $1,281.91 per ounce as of 1129 GMT, but was still near its highest level since November touched on Monday of $1,295.42.U.S. gold futures were 0.8 percent lower at $1,283.90.U.S. Vice President Mike Pence said Washington would work with its allies and China to put economic and diplomatic pressure on North Korea but added America would defeat any attack ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, April 19 2017. 17:23 IST