London — Gold prices were little changed on Tuesday as investor focus shifted to bullish global economic fundamentals and away from trade concerns, helping lift equities and keeping the dollar steady near a six-month high. Investors are awaiting economic data that might confirm the US economy is on track for a strong June quarter, with rising bond yields also supporting the greenback and making dollar priced gold costlier for non-US investors. Spot gold was flat at $1,292.23/oz by 9.43am GMT. It is down 0.5% so far in June having fallen 1.3% in May. US gold futures for August delivery were down 0.1% at $1,296.20/oz. "Prices have been dropping since May in anticipation of a Fed rate increase. There’s still some strengthening of the dollar to come. Geopolitics is on the back burner," said Bernard Dahdah, precious metals analyst at Natixis. Stronger than expected US jobs data released on Friday, fuelled the expectation that the Federal Reserve would raise interest rates at its policy m...
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