Bengaluru — Gold prices inched down on Tuesday as the dollar hit a one-week high due to intensifying global trade tensions and economic worries in emerging markets.Gold prices are down about 8% so far in 2018 amid rising US interest rates, trade disputes and the Turkish currency crisis, with investors parking their money in the dollar, which is being viewed as a safe-haven asset.Spot gold was down 0.1% at $1,199.20/oz at 3.47am GMT, while US gold futures had dropped 0.1% to $1,205/oz."The emerging-market economic crisis is making currencies very weak and benefiting the dollar, which continues to pressure gold," said Peter Fung, head of dealing at Wing Fung Precious Metals in Hong Kong.The dollar index, which measures the greenback against a basket of currencies, was up 0.1% at 95.182.A firmer US dollar makes gold more expensive for holders of other currencies, with safe-haven demand for gold in 2018 overshadowed by the metal’s relationship with the greenback."Gold should track the d...
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