Bengaluru — Gold prices dipped slightly on Tuesday, hovering not far from a 2018 low struck in the previous session as a firm dollar near five-month highs and optimism in global markets curbed appetite for the precious metal.Spot gold eased 0.1% to $1,290.66/oz as of 2.50am GMT. In the previous session, it slid to $1,281.76/oz, its lowest since December 27.US gold futures for June delivery were 0.1% lower at $1,290.10/oz."I think the overriding narrative here is where the dollar is going," said Stephen Innes, Asai-Pacific trading head at Oanda.Abating geopolitical risk was also weighing on sentiment for gold, he added. The dollar traded below a five-month high against a basket of currencies on Tuesday, catching its breath after a broad rally inspired by rising US bond yields and relief at an easing of US-China trade tensions. Washington and Beijing both claimed victory on Monday as the world’s two largest economies stepped back from the brink of a global trade war and agreed to hold...
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