Bengaluru — Gold prices remained subdued on Tuesday as the dollar held steady near its 2018 high on the relative strength of the US economy. Spot gold was down 0.1% at $1,312.66/oz as of 3.43am GMT, after closing marginally lower in the previous session. US gold futures for June delivery were about 0.1% lower at $1,313.40/oz. The dollar index hovered near its highest level in more than four months, backed by rising treasury yields and broadly strong US economic data, leaving its major rivals such as the euro struggling. "The dollar is firming here in Asia which is dampening sentiment on gold," a Hong Kong-based trader said. A stronger dollar makes gold and other greenback-denominated commodities more expensive for holders of other currencies. "There’s nothing really supporting gold here until we get to some important levels. I think the Iran deal is probably something that could turn things around. Oil might spike and gold could go with it," said the trader. Oil prices retreated fro...
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