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Gold steady amid rising risk appetite and US rate-hike prospects

Published June 5, 2018 Updated June 5, 2018 12:18pm
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By Shoaib Ur RehmanReuters
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LONDON: Gold prices were little changed on Tuesday as investor focus shifted to bullish global economic fundamentals and away from trade concerns, helping lift equities and keeping the dollar steady near a six month high.

Investors are awaiting economic data that might confirm the US economy is on track for a strong June quarter, with rising bond yields also supporting the greenback and making dollar priced gold costlier for non-US investors.

Copyright Reuters, 2018
 

 

 

 

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