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Gold prices recover as dollar's win streak is in jeopardy


Tuesday, 12 February 2019 20:42 WIB

GOLDEMAS


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Gold prices snapped back with narrow gains Tuesday as the dollar was on track to snap a stretch of eight straight wins.

Gold ended Monday with a loss as the leading dollar index traded at its highest levels since December to kick off the week, cutting demand for investors buying precious metals using currencies other than the U.S. unit.

April gold was recently up $5.40, or 0.4%, at $1,317.30 an ounce. The SPDR Gold Shares  rose 0.3% in early Tuesday dealings.

The ICE U.S. Dollar Index a measure of the U.S. currency against a basket of six major rivals, was down 0.1% at 96.97.

Source: marketwatch


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