Tuesday 5 June 2018

Gold Flat As Risk Appetite Increases Amid Rate Hike Prospects

Gold prices were steady on Tuesday, after falling for three days, as investors opted for riskier assets amid increasing prospects of an interest rate hike in the United States following strong U.S. economic data.

Spot gold was little changed at $1,291.95 per ounce by 0429 GMT.

U.S. gold futures for August delivery were down 0.1 percent at $1,295.80 per ounce.

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