Gold dips as dollar strengthens
Metal expected to struggle to maintain its gains above $1,900
08 June 2021 - 07:31
Bengaluru — Gold prices edged lower on Tuesday, weighed down by an uptick in the dollar, while investors cautiously awaited US economic data due later this week to gauge inflationary pressure and the Federal Reserve’s steer on monetary policy.
Spot gold was down 0.2% at $1,895.59 an ounce at 3.15am GMT. US gold futures were steady at $1,898.60. The dollar index rose 0.1% against its rivals, making gold more expensive for other currency holders...
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