[ad_1]
Gold prices stabilized on Tuesday, but uncertainty surrounding US-China trade relations and Britain's withdrawal from the European Union offset the pressures of a strong dollar.
The spot gold price fell 0.1% to $ 1,529.40 an ounce from 11.45 GMT, but is not far from its highest level in more than six years at 1554.56 dollars.
Futures on US gold rose 0.6% to $ 1,538.60 an ounce.
The dollar index, which tracks the performance of the greenback versus a basket of six major currencies, has reached its highest level in more than two years and the rising dollar has resulted in the cost of the yellow metal for investors of holders of other currencies.
On other precious metals, silver fell 0.1% to 18.44 dollars an ounce, platinum 0.8% to 937.43 dollars an ounce and palladium of 0.4% to $ 1,525.
Source link
