Gold dips as dollar holds onto gains; US-China spat in focus
- Date: 10-Aug-2020
- Source: Gulf Today
- Sector:Oil & Gas
- Country:Saudi Arabia
Gold dips as dollar holds onto gains; US-China spat in focus
Picture used for illustrative purpose. File
Gold prices fell on Monday as the dollar held onto gains made after better-than-expected US payrolls data, while investors kept a close eye on Sino-US relations ahead of scheduled trade talks.
Spot gold was down 0.2% to $2,030.10 per ounce by 0545 GMT. US gold futures rose 0.6% to $2,040.80.
Gold hit a record high of $2,072.50 on Friday before retreating nearly 2% as the dollar bounced on data showing
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