Gold Steady Near Highest In Over Two Weeks On Weaker Dollar

Gold prices held steady on Wednesday after hitting their highest in over two weeks in the previous session, buoyed as the dollar hovered near ten-month lows. Spot gold was up about 0.1 percent at $1,242.86 per ounce at 0047 GMT. In the previous session, it hit its highest since June 30 at $1,244.56. US gold futures for August delivery were nearly unchanged at $1,242.30 per ounce. 

The dollar hit its lowest against the euro and Swiss franc in more than a year on Tuesday, with the broader dollar index touching a more than 10-month low, on reduced confidence in U.S. President Donald Trump’s agenda and jitters over hawkish central banks abroad. For More Information About Commodity Market Visit : www.paceresearchindia.com and Call : 8817774774