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Thursday April 25, 2024

Gold stalls

By REUTERS
June 21, 2018

Bengaluru : Gold prices were little changed on Wednesday, after slipping to a near six-month low in the previous session, as the dollar hovered close to an 11-month peak and equities rebounded.

Spot gold held steady at $1,273.82 an ounce by 0054 GMT. The metal fell to its lowest since Dec. 22 at $1,270 on Tuesday.

U.S. gold futures for August delivery were, however, 0.2 percent lower at $1,276.10 per ounce. The dollar index , which measures the greenback against a basket of six major currencies, stood at 95.057, after advancing to an 11-month peak of 95.296 on Tuesday.

China has underestimated U.S. President Donald Trump´s resolve to impose more tariffs unless it changes its "predatory" trade practices, a White House trade adviser said on Tuesday, as Trump greatly expanded the amount of Chinese imports possibly facing new duties.