FOX LIVE NEWS UPDATE
PRECIOUS-Gold prices steady near 1-wk low as dollar firms
July 12 (Reuters) - Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.
Spot gold XAU= was steady at $1,243.10 an ounce at 0328 GMT. The yellow metal slipped 1 percent and hit an over one-week low at $1,240.89 on Wednesday.
U.S. gold futures GCcv1 for August delivery were 0.1 percent lower at $1,243.60 an ounce.
"The U.S. dollar firmed up across the board and I think that is the main reason," a Sydney-based trader said.
for contact: 8006707020 / 7409740444
www.foxcommodities.co
PRECIOUS-Gold prices steady near 1-wk low as dollar firms
July 12 (Reuters) - Gold prices were mostly steady on Thursday, close to a one-week low hit in the previous session, as the dollar held firm amid an intensifying trade war between the United States and China.
Spot gold XAU= was steady at $1,243.10 an ounce at 0328 GMT. The yellow metal slipped 1 percent and hit an over one-week low at $1,240.89 on Wednesday.
U.S. gold futures GCcv1 for August delivery were 0.1 percent lower at $1,243.60 an ounce.
"The U.S. dollar firmed up across the board and I think that is the main reason," a Sydney-based trader said.
for contact: 8006707020 / 7409740444
www.foxcommodities.co
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