Gold Hits Two-Week Low As Upbeat US Data Lifts Dollar

Gold prices hit a two-week low on Friday as upbeat US economic data boosted the dollar, while mounting concerns over a slowdown in global growth offered support to the safe-haven metal.

As of 0323 GMT, spot gold was 0.1 percent higher at $1,313.47 per ounce, after slipping to its lowest since Feb. 15 at $1,311.61 earlier in the session.

U.S. gold futures were down 0.1 percent at $1,314.80 per ounce.

The dollar, which pulled back from over three-week lows, moved closer to a 10-week high against the yen and was marginally higher against major currencies.

For Quick Trial – 8962000225 ✔

or mail us here: info@ways2capital.com

or visit http://www.ways2capital.com

✆ - 0731-2428906 | Toll Free - 1800-123-2353

Give a Missed Call for Free Trial - 09699997717