Stronger dollar amidst Brexit worries hampers gold value

December 11, 2018 (MLN): Gold prices continued to remain steady on Tuesday, supported by anticipations that the U.S. Federal Reserve could pause its rate hike cycle sooner than previously thought. However, a stronger dollar amidst Brexit worries agitated the precious metal.

Spot gold was steady at $1,244.71 per ounce, as of 0114 GMT, whereas U.S. gold futures were little changed at $1,250.1 per ounce.


 

Posted on: 2018-12-11T10:37:00+05:00

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