Commodity Market Tips:- Gold Inches Down As Dollar Stays Firm Near 3-1/2-Month Peak

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Gold prices inched lower early on Tuesday, hovering close to a nearly six-week low touched in the previous session, as the U.S. dollar held firm near a 3-1/2-month high.

 

Fundamentals

 

** Spot gold fell 0.1 percent to $1,314.00 per ounce at 0106 GMT. Prices slipped to $1,310.11 on Monday, their lowest since March 21.

 

** U.S. gold futures for June delivery eased 0.3 percent to $1,315.10 per ounce.

 

** The dollar index was little changed at 91.832. The greenback touched 91.986 on Friday, its highest since since Jan. 11.

 

** Most markets in Asia are closed for a Labour Day holiday.

 

** India raised gold holdings by 2.2 tonnes to 560.3 tonnes in 2018 March -IMF Data.

 

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