Gold dips on firm dollar, stays above $1,800 on virus fears – ZAWYA

Gold dips on firm dollar, stays above $1,800 on virus fears – ZAWYA

gold dips on firm dollar, stays above $1,800 on virus fears spot gold was down 0.3% to $1,805.62 per ounce    the sicpa oasis validator system (bullion protect) is pictured on one kilogram bar of gold at swiss refiner metalor in marin near neuchatel, switzerland july 5, 2019. image used for illustrative purpose.gold edged lower on thursday as the dollar firmed, but worries over mounting coronavirus cases and worsening u.s.-china ties limited declines and kept bullion above the psychological $1,800 level.spot gold  eased 0.4% to $1,804.62 per ounce by 0950 gmt. prices were $13.09 shy of $1,817.71, its highest since september 2011, hit last week.u.s. gold futures fell 0.4% to $1,806.60."the dollar index's reclaiming of the 96 psychological level is taking some of the shine off gold for the time being, as the precious metal attempts to stay above the $1,800 psychological level," said fxtm market analyst han tan.spot gold  eased 0.4% to $1,804.62 per ounce by 0950 gmt. prices were $13.09 shy of $1,817.71, its highest since september 2011, hit last week.gold edged lower on thursday as the dollar firmed, but worries over mounting coronavirus cases and worsening u.s.-china ties limited declines and kept bullion above the psychological $1,800