Bengaluru — Gold prices on Thursday held near two-week lows touched in the previous session, as the dollar recouped losses after cautious comments from US trade representative Robert Lighthizer dented investors’ hopes for a closure to the tariff war with China. As of 3.40am GMT, spot gold and the US gold futures were down 0.1% at $1,318.50/oz and $1,320.10/oz, respectively. The safe-haven metal slipped to its lowest since February 15 at $1,316.43 in the previous session and dropped for the first time in five months. Lighthizer told a Congressional hearing it is too early to predict the outcome of ongoing trade talks with Beijing and the US will need to maintain the threat of tariffs on Chinese goods for years even if the two sides strike a deal. “There is some uncertainty about the trade deal and some of the safe-haven [demand] has gone to the US dollar. That has taken a bit of a bid from gold,” said John Sharma, economist at the National Australian Bank. The dollar index, which mea...
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