Gold dips on rebounding dollar
The metal is weaker after strong US data boosts optimism around a global economic recovery
02 September 2020 - 08:06
Bengaluru — Gold prices slipped on Wednesday as the dollar rebounded after robust US manufacturing data bolstered the hope around global economic recovery, tempering the safe-haven bullion’s allure.
Spot gold fell 0.3% to $1,964.75/oz by 2.51am GMT, after hitting its highest since August 19 at $1,991.91 on Tuesday. US gold futures dropped 0.4% to $1,971.80...
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