Bengaluru : Gold prices edged up on a steady U.S. dollar early Tuesday, but expectations for further interest rate hikes in the United States supported the greenback and limited interest in the metal.
Spot gold was up 0.2 percent at $1,208.06 an ounce at 0051 GMT. U.S. gold futures were little changed at $1217.10 an ounce.
Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street.
On Tuesday the pound held near an 11-month low against the dollar reached overnight on worries of a "hard" Brexit for Britain, while simmering U.S.-China trade tensions helped support the greenback.
The dollar index , which measures the greenback against a basket of six major currencies, was unchanged at 95.348.
A representational image of gold jewellery. — AFP/fileKARACHI: Gold prices increased by Rs1,000 per tola on Friday...
A representational image of oil pump. — AFP/fileBUDAPEST: Hungary will face fuel shortages from September if full...
A man stacks a gas cylinder in a street stall on July 20, 2024. — ReutersCARACAS/MARACAY: Griselda Ascanio keeps an...
A man looks at a chart on display in an electronic board at the digital trade on June 17, 2022. — AFPGENEVA: Efforts...
People visit the booth of a video game company at the annual ChinaJoy expo. — AFP/FileSHANGHAI: A long-haired...
New British finance minister Exchequer Rachel Reeves speaks at an event in London on July 8, 2024. —...