Bengaluru : Gold eased for a sixth straight session, having slipped to a one-year low in the previous session, as the U.S. dollar firmed.Spot gold was down 0.2 percent at $1,219.28 an ounce at 0127 GMT.In the previous session, it fell to its weakest since early July last year at $1,211.08 an ounce.Bullion was headed for a two percent decline for the week.U.S. gold futures for August delivery were down 0.4 percent at $1,219.10 an ounce.The dollar index , which measures the greenback against a basket of six major currencies, was 0.1 percent higher at 95.129.It had dropped from a one-year high of 95.652 on Thursday after U.S. President Donald Trump expressed concern about the currency´s strength and the Federal Reserve´s interest rate increases.
from The News International - Business
Sunday, July 22, 2018
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