Gold prices ease as dollar firms, virus fears cap losses – ZAWYA

Gold prices ease as dollar firms, virus fears cap losses – ZAWYA

Gold prices ease as dollar firms, virus fears cap losses | ZAWYA MENA Edition HomeMarketsCommoditiesArticleGold prices ease as dollar firms, virus fears cap losses Spot gold was down 0.1% at $1,801.11 per ounce    Image used for illustrative purpose. Gold bars and US Dollar bills are pictured in a safe in a bank in Vienna July 21, 2009. Gold prices edged lower 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 0.1% at $1,801.11 per ounce by 0647 GMT. U.S. gold futures fell 0.6% to $1,804."We are seeing pressure on risk assets given the sentiment and concerns, particularly about China and U.S. relations. But the reversal of dollar weakness is knocking gold around a little at the moment, particularly given that prices are around 9-year highs," said Michael McCarthy, chief strategist at CMC Markets.Spot gold was down 0.1% at $1,801.11 per ounce by 0647 GMT. U.S. gold futures fell 0.6% to $1,804.Gold prices edged lower 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