LONDON — Gold edged lower on Tuesday as the dollar and European shares rose ahead of US nonfarm payrolls later in the week that could give clues on when the US Federal Reserve will hike interest rates.Spot gold was down 0.1% at $1,187.03 an ounce by 9.56am GMT, while US gold futures for June delivery were unchanged at $1,186.80/oz.The dollar was up 0.4% against a basket of major currencies, while European shares rose 0.6%. Gold fell to a six-week low of $1,170 on Friday after the Fed indicated that it saw a recent slowdown in the US economy as transitory and did not rule out an interest rate rise this year."US data will continue to be very important — if it’s good, we will eventually get lower gold prices," Natixis analyst Bernard Dahdah said.However, with a rate hike now likely in September rather than June, gold prices will probably remain in the current range for longer and will not drop as quickly as previously thought, Mr Dahdah added.Speculation over the timing of a rate hike ...
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