Tuesday, 8 May 2018

Gold Stays Subdued As Dollar Hovers Near Four-Month Peak

Gold prices remained subdued on Tuesday as the dollar held steady near its 2018 high on the relative strength of the U.S. economy.

Spot gold was down 0.1 percent at $1,312.66 per ounce as of 0343 GMT, after closing marginally lower in the previous session.

U.S. gold futures for June delivery were about 0.1 percent lower at $1,313.40 per ounce.

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