London — Gold prices dipped on Thursday, weighed down by a firmer dollar and a decline in global geopolitical tensions, breaking a string of gains for four successive sessions.Spot gold was down 0.2% at $1,346.60 an ounce by 10.15am GMT, while US gold futures fell 0.3% to $1,349.90 an ounce."Uncertainty has decreased somewhat. Geopolitical worries, trade risk have moved to the background," said commodity strategist Georgette Boele at ABN AMRO in Amsterdam.US President Donald Trump said on Wednesday that he hoped an unprecedented summit with North Korean leader Kim Jong-un would be successful while Western missile strikes in Syria were less extensive than some had feared. Boele said she expected gold to decline to about $1,330 after failing to break above resistance."There was a bit of upward momentum, but you are still in the $1,300 to $1,365 range. It’s more of a technical trade at the moment — it tries the upside again and if that doesn’t succeed then it falls back."Earlier in the...
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