Gold eases below $1,800 as dollar firms, virus fears limit losses – ZAWYA

Gold eases below $1,800 as dollar firms, virus fears limit losses – ZAWYA

Gold eases below $1,800 as dollar firms, virus fears limit losses | ZAWYA MENA Edition HomeMarketsCommoditiesArticleGold eases below $1,800 as dollar firms, virus fears limit losses Silver slips from multi-month highs    Image used for illustrative purpose. Gold bars are stacked in the safe deposit boxes room of the Pro Aurum gold house in Munich March 3, 2014. Gold prices slipped below the key $1,800 level on Tuesday, as the U.S. dollar strengthened, although worries over surging coronavirus cases globally and Sino-U.S. tensions put a floor under bullion prices.Spot gold was down 0.3% at $1,797.45 per ounce by 0232 GMT. U.S. gold futures GCcv1 fell 0.8% to $1,799.60."We are seeing pressure on risk assets given the sentiment and concerns, particularly about China and U.S. relations. We would have expected gold to find more support than currently is," said Michael McCarthy, chief strategist at CMC Markets.Spot gold was down 0.3% at $1,797.45 per ounce by 0232 GMT. U.S. gold futures GCcv1 fell 0.8% to $1,799.60.Gold prices slipped below the key $1,800 level on Tuesday, as the U.S. dollar strengthened, although worries over surging coronavirus cases globally and Sino-U.S. tensions put a floor under bullion prices."We are seeing pressure on risk assets