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Gold steadies near 4-mth low as dollar gains in wake of U.S. data

From reuters.com

Gold prices steadied on Monday after falling to a near four-month low in the previous session, with the dollar gaining in the wake of indications that U.S. economic growth picked up in the first quarter. FUNDAMENTALS * Spot gold was up 0.1 percent at $1,275.80 per ounce as of 0111 GMT, having touched $1,270.63 in the previous session - its lowest since Dec. 27, 2018. * Spot gold fell 1.2 percent in the previous week, marking its fourth consecutive weekly decline. * U.S. gold futures were 0.1-percent higher at $1,277.80 an ounce. * The dollar drifted higher against the euro and British pound on Monday, supported by ... (full story)

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  • Category: Fundamental Analysis