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Gold slips as trade tensions buoy dollar; U.S.-China talks in focus

Reuters 

By Sethuraman N R(Reuters) - Gold prices eased on Monday as uncertainties around U.S-China trade tensions made the dollar buoyant, taking sheen off the metal's safe-haven appeal even as investors were worried about a slowdown in global economic growth. Spot gold fell 0.2 percent to $1,311.77 per ounce by 0539 GMT, while U.S. gold futures declined 0.2 percent to $1,315.50 per ounce.A vigorous dollar is acting as an impediment to gold in the near term, said Benjamin Lu, an analyst with Singapore-based Phillip Futures, adding gold also faced a short-term negative bias in charts used by technical ...

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First Published: Mon, February 11 2019. 12:24 IST
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